Sec Form 4 Filing - JENSEN TONY A @ ROYAL GOLD INC - 2017-08-16

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
JENSEN TONY A
2. Issuer Name and Ticker or Trading Symbol
ROYAL GOLD INC [ RGLD]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CEO and President
(Last) (First) (Middle)
1660 WYNKOOP STREET, SUITE 1000
3. Date of Earliest Transaction (MM/DD/YY)
08/16/2017
(Street)
DENVER, CO80202
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/16/2017 F 13,181 ( 1 ) D $ 87.36 142,344 ( 2 ) I by Family Trust
Common Stock 08/16/2017 M 7,334 A $ 53 149,678 ( 2 ) I by Family Trust
Common Stock 08/16/2017 M 20,000 A $ 49.66 169,678 ( 2 ) I by Family Trust
Common Stock 08/16/2017 M 14,400 A $ 68.18 184,078 ( 2 ) I by Family Trust
Common Stock 08/16/2017 M 36,000 A $ 62.14 220,078 ( 2 ) I by Family Trust
Common Stock 08/16/2017 M 14,157 A $ 56.54 234,235 ( 2 ) I by Family Trust
Common Stock 08/16/2017 D 58,399 ( 3 ) D $ 87 .36 175,836 ( 2 ) I by Family Trust
Common Stock 08/16/2017 S 3,523 D $ 87.03 ( 4 ) 172,313 ( 2 ) I by Family Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to buy ISO) $ 53 08/16/2017 M 629 ( 5 ) 11/18/2019 Common Stock 629 $ 0 0 D
Stock Option (Right to Buy ISO) $ 49.66 08/16/2017 M 1,333 ( 6 ) 11/17/2020 Common Stock 1,333 $ 0 0 D
Common Stock $ 68.18 08/16/2017 M 977 ( 7 ) 11/18/2021 Common Stock 977 $ 0 0 D
Common Stock $ 62.14 08/16/2017 M 1,609 ( 8 ) 08/27/2023 Common Stock 1,609 $ 0 0 D
Common Stock $ 56.54 08/16/2017 M 589 ( 9 ) 08/20/2025 Common Stock 589 $ 0 1,179 D
Stock Appreciation Right (SARs) $ 53 08/16/2017 M 6,705 ( 5 ) 11/18/2019 Common Stock 6,705 $ 0 0 D
Stock Appreciation Right (SARs) $ 49.66 08/16/2017 M 18,667 ( 6 ) 11/17/2020 Common Stock 18,667 $ 0 0 D
Common Stock $ 68.18 08/16/2017 M 13,423 ( 7 ) 11/18/2021 Common Stock 13,423 $ 0 0 D
Common Stock $ 62.14 08/16/2017 M 34,391 ( 8 ) 08/27/2023 Common Stock 34,391 $ 0 0 D
Common Stock $ 56.54 08/16/2017 M 13,568 ( 9 ) 08/20/2025 Common Stock 13,568 $ 0 27,137 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
JENSEN TONY A
1660 WYNKOOP STREET, SUITE 1000
DENVER, CO80202
X CEO and President
Signatures
Margaret A Beck as Attorney-in-Fact for Tony Jensen 08/25/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents shares withheld to satisfy taxes; no shares were sold.
( 2 )Includes 39,116 shares of restricted stock that have not vested.
( 3 )Represents the difference between the number of SARs exercised (86,754) and the number of shares issuable as a result of the exercise (28,355).
( 4 )The range of the weighted average sales price is $87.00 and $87.11.
( 5 )One-third vests annually over 3 years beginning on November 18, 2010.
( 6 )One-third vest annually over 3 years beginning on November 17, 2011.
( 7 )One-third vest annually over 3 years beginning on November 18, 2012.
( 8 )One-third vest annually over 3 years beginning on August 24, 2014.
( 9 )One-third vest annually over 3 years beginning on Augst 20, 2016.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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