X0306 4 2014-11-18 0 0000085535 ROYAL GOLD INC RGLD 0001341721 Zisch William M 1660 WYNKOOP STREET, SUITE 1000 DENVER CO 80202 0 1 0 0 VP Operations Common Stock 2014-11-18 4 F 0 892 70.5681 D 38411 D Common Stock 2014-11-19 4 F 0 1148 69.6758 D 37263 D The range of the weighted average sale price is $69.22 to $71.52. Includes 26,900 shares of restricted stock that have not yet vested. The range of the weighted average sale price is $68.15 to $71.38. Includes 24,400 shares of restricted stock that have not yet vested. Margaret A. Beck as Attorney-in-Fact for William M. Zisch 2014-11-20