ROYAL GOLD INC - Director's Dealing 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ROYAL GOLD INC (RGLD)
CIK: 0000085535
Period of Report: 2018-08-21

Reporting Person: Isto Mark (N/A)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-21	Common Stock	M	2051.00	$0.00	Acquired	18976.00	Direct
2018-08-21	Common Stock	F	1098.00	$0.00	Disposed	17878.00	Direct
2018-08-21	Common Stock	M	222.00	$0.00	Acquired	18100.00	Direct
2018-08-21	Common Stock	F	119.00	$0.00	Disposed	17981.00	Direct
2018-08-21	Common Stock	M	22.00	$0.00	Acquired	18003.00	Direct
2018-08-21	Common Stock	F	12.00	$0.00	Disposed	17991.00	Direct
2018-08-21	Common Stock	A	2780.00	$0.00	Acquired	20771.00	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-21	Performance Shares	$0.00	M	2051.00	Disposed	2018-08-20	Common Stock (2051.00)	Direct
2018-08-21	Performance Shares	$0.00	M	222.00	Disposed	2020-08-20	Common Stock (222.00)	Direct
2018-08-21	Performance Shares	$0.00	M	22.00	Disposed	2021-08-16	Common Stock (22.00)	Direct
2018-08-21	Stock Appreciation Right (SARs)	$77.73	A	7974.00	Acquired	2028-08-21	Common Stock (7974.00)	Direct
2018-08-21	Stock Option (Right to buy ISOs)	$77.73	A	1286.00	Acquired	2028-08-21	Common Stock (1286.00)	Direct

F1: A performance award represents a contingent right to receive shares of common stock upon achievement of certain performance goals.

F2: Grant of Restricted Stock Units with a two year hold and then vesting as to one-third in years three, four and five.

F3: One-third vests annually over three years beginning on August 21, 2019.