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: JENSEN TONY A (N/A)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-21	Common Stock	M	5426.00	$0.00	Acquired	149494.00	Indirect
2018-08-21	Common Stock	F	2387.00	$0.00	Disposed	147107.00	Indirect
2018-08-21	Common Stock	M	586.00	$0.00	Acquired	147693.00	Indirect
2018-08-21	Common Stock	F	258.00	$0.00	Disposed	147435.00	Indirect
2018-08-21	Common Stock	M	60.00	$0.00	Acquired	144456.00	Indirect
2018-08-21	Common Stock	F	27.00	$0.00	Disposed	147468.00	Indirect
2018-08-21	Common Stock	A	8410.00	$0.00	Acquired	155878.00	Indirect

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-21	Performance Shares	$0.00	M	5426.00	Disposed	2018-08-20	Common Stock (5426.00)	Direct
2018-08-21	Performance Shares	$0.00	M	586.00	Disposed	2020-08-20	Common Stock (586.00)	Direct
2018-08-21	Performance Shares	$0.00	M	60.00	Disposed	2021-08-16	Common Stock (60.00)	Direct
2018-08-21	Stock Appreciation Right (SARs)	$77.73	A	26724.00	Acquired	2028-08-21	Common Stock (26724.00)	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 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.