Sec Form 4 Filing - WENGER STEFAN @ ROYAL GOLD INC - 2018-06-01

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
WENGER STEFAN
2. Issuer Name and Ticker or Trading Symbol
ROYAL GOLD INC [ RGLD]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CFO and Treasurer
(Last) (First) (Middle)
1660 WYNKOOP STREET STE.1000
3. Date of Earliest Transaction (MM/DD/YY)
06/01/2018
(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 06/01/2018 M 3,534 A $ 68.18 60,311 D
Common Stock 06/01/2018 F 2,682 ( 1 ) D $ 89.87 57,629 D
Common Stock 06/01/2018 M 3,950 A $ 75.32 61,579 D
Common Stock 06/01/2018 F 3,311 ( 2 ) D $ 89.87 58,268 D
Common Stock 06/01/2018 M 11,891 A $ 62.14 70,159 D
Common Stock 06/01/2018 F 8,222 ( 3 ) D $ 89.87 61,937 D
Common Stock 06/01/2018 M 11,880 A $ 75.72 73,817 D
Common Stock 06/01/2018 F 10,010 ( 4 ) D $ 89.87 63,807 D
Common Stock 06/01/2018 M 9,765 A $ 56.54 73,572 D
Common Stock 06/01/2018 F 6,144 ( 5 ) D $ 89.87 67,428 D
Common Stock 06/01/2018 M 2,500 A $ 83.29 69,928 D
Common Stock 06/01/2018 F 2,317 ( 6 ) D $ 89.87 67,611 D
Common Stock 06/01/2018 S 3,999 D $ 90.16 63,612 D
Common Stock 06/01/2018 S 757 D $ 90.16 62,855 D
Common Stock 06/01/2018 S( 7 ) 1,500 D $ 89.65 61,355 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 Appreciation Right $ 68.18 06/01/2018 M 3,534 ( 8 ) 08/18/2021 Common Stock 3,534 $ 0 0 D
Stock Appreciation Right $ 75.32 06/01/2018 M 3,950 ( 9 ) 08/13/2022 Common Stock 3,950 $ 0 0 D
Stock Appreciation Right $ 62.14 06/01/2018 M 11,891 ( 10 ) 08/27/2023 Common Stock 11,891 $ 0 0 D
Stock Appreciation Right $ 75.72 06/01/2018 M 11,880 ( 11 ) 08/26/2024 Common Stock 11,880 $ 0 0 D
Stock Appreciation Right $ 56.54 06/01/2018 M 9,765 ( 12 ) 08/20/2025 Common Stock 9,765 $ 0 0 D
Stock Appreciation Right $ 83.29 06/01/2018 M 2,500 ( 13 ) 08/16/2026 Common Stock 2,500 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
WENGER STEFAN
1660 WYNKOOP STREET STE.1000
DENVER, CO80202
CFO and Treasurer
Signatures
Michelle Perry as attorney in fact for Stefan Wenger 06/04/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents the difference between the number of SARs exercised (3,534) and the number of shares issuable as a result of the exercise (852).
( 2 )Represents the difference between the number of SARs exercised (3,950) and the number of shares issuable as a result of the exercise (639).
( 3 )Represents the difference between the number of SARs exercised (11,891) and the number of shares issuable as a result of the exercise (3,669).
( 4 )Represents the difference between the number of SARs exercised (11,880) and the number of shares issuable as a result of the exercise (1,870).
( 5 )Represents the difference between the number of SARs exercised (9,765) and the number of shares issuable as a result of the exercise (3,621).
( 6 )Represents the difference between the number of SARs exercised (2,500) and the number of shares issuable as a result of the exercise (183).
( 7 )The reporting person's sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 Trading Plan previously adopted by the reporting person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
( 8 )Vest 1/3 / Anni beginning on 18-Aug-2011
( 9 )Vest 1/3 / Anni beginning on 13-Aug-2012
( 10 )Vest 1/3 / Anni beginning on 27-Aug-2013
( 11 )Vest 1/3 / Anni beginning on 26-Aug-2014
( 12 )Vest 1/3 / Anni beginning on 20-Aug-2015
( 13 )Vest 1/3 / Anni beginning on 16-Aug-2016

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 4(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.