X0304 4 2011-09-02 0 0000085535 ROYAL GOLD INC RGLD 0001256110 JENSEN TONY A 1660 WYNKOOP STREET, SUITE 1000 DENVER CO 80202 1 1 0 0 President and CEO Common Stock 2011-09-02 4 M 0 2040 12.55 A 152270 D Common Stock 2011-09-02 4 M 0 25000 17.38 A 177270 D Common Stock 2011-09-02 4 M 0 10500 22.22 A 187770 D Common Stock 2011-09-02 4 M 0 11550 28.78 A 199320 D Common Stock 2011-09-02 4 F 0 14027 79.13 D 185293 D Common Stock 2011-09-02 4 S 0 21809 79.13 D 163484 D Common Stock 2011-09-02 4 M 0 7960 12.55 A 171444 D Common Stock 2011-09-02 4 M 0 4500 22.22 A 161540 D Common Stock 2011-09-02 4 M 0 3450 28.78 A 179394 D Common Stock 2011-09-02 4 M 0 3360 29.75 A 182754 D Common Stock 2011-09-02 4 M 0 2000 30.96 A 184754 D Common Stock 2011-09-02 4 M 0 628 53 A 185382 D Common Stock 2011-09-06 4 F 0 797 80.13 D 184585 D Common Stock 2011-09-06 4 S 0 1147 80.13 D 183438 D Stock Option (NSO right to buy) 12.55 2011-09-02 4 M 0 2040 12.55 D 2014-05-20 Common Stock 2040 0 D Stock Option (NSO right to buy) 17.38 2011-09-02 4 M 0 25000 17.38 D 2014-11-10 Common Stock 25000 0 D Stock Option (NSO right to buy) 22.22 2011-09-02 4 M 0 10500 22.22 D 2015-11-08 Common Stock 10500 0 D Stock Option (NSO right to buy) 28.78 2011-09-02 4 M 0 11550 28.78 D 2016-11-07 Common Stock 11550 0 D Stock Option (ISO right to buy) 12.55 2011-09-02 4 M 0 7960 12.55 D 2014-05-20 Common Stock 7960 0 D Stock Option (ISO right to buy) 22.22 2011-09-02 4 M 0 4500 22.22 D 2015-11-08 Common Stock 4500 0 D Stock Option (ISO right to buy) 28.78 2011-09-02 4 M 0 3450 28.78 D 2016-11-07 Common Stock 3450 0 D Stock Option (ISO right to buy) 29.75 2011-09-02 4 M 0 3360 29.75 D 2017-11-07 Common Stock 3360 0 D Stock Option (ISO right to buy) 30.96 2011-09-02 4 M 0 2000 30.96 D 2018-11-05 Common Stock 2000 1000 D Stock Option (ISO right to buy) 53 2011-09-02 4 M 0 628 53 D 2019-11-18 Common Stock 628 1258 D Includes 61,333 shares of restricted stock that have not yet vested. The range of the weighted average sale price is $79.00 to $79.64. The range of the weighted average sale price is $80.09 to $80.29. One third vesting annually on May 20, 2005, May 20, 2006 and May 20, 2007. One third vesting annually on November 10, 2005, November 10, 2006 and November 10, 2007. One third vesting annually on November 8, 2006, November 8, 2007 and November 8, 2008. One third vesting annually on November 7, 2007, November 7, 2008 and November 7, 2009. One third vesting annually on November 7, 2008, November 7, 2009 and November 7, 2010. One third vesting annually on November 5, 2009, November 5, 2010 and November 5, 2011. One third vesting annually on November 18, 2010, November 18, 2011 and November 18, 2012. /s/Tony A. Jensen, KG for 2011-09-07