X0304 4 2012-02-22 0 0000864839 ROYALE ENERGY INC ROYL 0001278544 HOSMER DONALD H 1 1 0 0 Co-President & Co-CEO Common Stock 2012-02-22 4 F 0 15779 3.5 A 902938 D Stock Options 3.5 2012-02-22 4 F 0 45000 D 2008-03-23 2012-03-31 Common Stock 45000 50000 D 15,779 shares were acquired upon a cashless exercise of compensatory options to purchase common stock at $3.50 per share, at the closing market price on February 22, 2012 of $5.43 per share. Stock options were awarded in 2008 as compensation for services pursuant to Rule 16b-3. Donald H Hosmer, by Lee Polson, Attorney-in-Fact 2012-02-22