SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Shefman Randy

(Last)

(First)

(Middle)

1144 15TH STREET, SUITE 2500

(Street)

DENVER

80202

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/02/2020

3. Issuer Name and Ticker or Trading Symbol
ROYAL GOLD INC [ RGLD ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP & General Counsel

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	5,968	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Options (Right to buy ISOs)	08/18/2014	08/18/2021	Common Stock	1,200	$68.18	D
Stock Options (Right to buy ISOs)	08/13/2015	08/13/2022	Common Stock	1,100	$75.32	D
Stock Options (Right to buy ISOs)	08/26/2017	08/26/2024	Common Stock	1,320	$75.72	D
Stock Options (Right to buy ISOs)	08/20/2018	08/20/2025	Common Stock	1,179	$56.54	D
Stock Settled Appreciation Right (SSAR)	08/27/2016	08/27/2023	Common Stock	391	$62.14	D
Stock Settled Appreciation Right (SSAR)	08/26/2017	08/26/2024	Common Stock	180	$75.72	D
Stock Settled Appreciation Right (SSAR)	08/20/2018	08/20/2025	Common Stock	232	$56.54	D
Stock Settled Appreciation Right (SSAR)	08/16/2019	08/16/2026	Common Stock	1,200	$83.29	D
Stock Settled Appreciation Right (SSAR)	⁽¹⁾	08/23/2027	Common Stock	1,400	$87.42	D
Stock Settled Appreciation Right (SSAR)	⁽²⁾	08/21/2028	Common Stock	1,400	$77.73	D
Stock Settled Appreciation Right (SSAR)	⁽³⁾	08/13/2029	Common Stock	2,560	$124.6	D

Explanation of Responses:

1. One-third vests annually over three years beginning on August 23, 2018. Only one tranche remains unvested.

2. One-third vests annually over three years beginning on August 21, 2019. Only two tranches remain, each will vest on August 21, 2020 and 2021.

3. One-third vests annually over three years beginning on August 13, 2020.

Remarks:

	Michelle Perry as attorney in fact for Randy Shefman	01/02/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.