ROYAL GOLD INC — Director's Dealing 2019

Jan 4, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ROYAL GOLD INC (RGLD)
CIK: 0000085535
Period of Report: 2019-01-02

Reporting Person: Breeze Daniel (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-02	Common Stock	A	1200.00	$0.00	Acquired	1200.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-01-02	Stock Appreciation Rights (SARs)	$84.64	A	3500.00	Acquired	2029-01-02	Common Stock (3500.00)	Direct

Footnotes

F1: Grant of Restricted Stock Units with a two year hold and then vesting as to one-third in years three, four and five.

F2: One-third vests annually over three years beginning on January 2, 2020.