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Royal Gold executive chairman sells shares



By AP
12 June 2008 @ 03:10 pm EST

NEW YORK - The executive chairman of precious metals royalty company Royal Gold Inc. sold 8,500 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Wednesday.

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RGLD 30.82 -1.1

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In a Form 4 filed with the SEC, Stanley Dempsey reported he sold the shares Tuesday for $30.65 to $30.69 apiece.

The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material non-public information.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Royal Gold is based in Denver.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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