X0306 4 2017-08-23 0 0000085535 ROYAL GOLD INC RGLD 0001256110 JENSEN TONY A 1660 WYNKOOP STREET, SUITE 1000 DENVER CO 80202 1 1 0 0 CEO and President Common Stock 2017-08-23 4 M 0 20274 0 A 192587 I by Familly Trust Common Stock 2017-08-23 4 F 0 9418 87.42 D 183169 I by Family Trust Common Stock 2017-08-23 4 A 0 9320 0 A 192489 I by Family Trust Performance Shares 0 2017-08-23 4 M 0 5500 0 D 2017-08-13 Common Stock 5500 0 D Performance Shares 0 2017-08-23 4 M 0 6000 0 D 2018-08-27 Common Stock 6000 18000 D Performance Shares 0 2017-08-23 4 M 0 4545 0 D 2020-08-20 Common Stock 4545 690 D Performance Shares 0 2017-08-23 4 M 0 4229 0 D 2021-08-16 Common Stock 4229 3661 D Stock Option (Right to Buy ISO) 87.42 2017-08-23 4 A 0 1143 87.42 A 2027-08-23 Common Stock 1143 1143 D Stock Appreciation Right 87.42 2017-08-23 4 A 0 24427 87.42 A 2027-08-23 Common Stock 24427 24427 D Includes 39,116 shares of restricted stock that have not vested. Represents shares withheld to satisfy taxes; no shares were sold. Grant of restricted stock with a 2-year hold and then vesting as to one-third in years 3, 4 and 5. Includes 48,436 shares of restricted stock that have not vested. A performance award represents a contingent right to receive shares of common stock upon achievement of certain performance goals. One-third vest annually over 3 years beginning on August 23, 2018. Margaret A Beck as Attorney-in-Fact for Tony Jensen 2017-08-23