Statement of Changes of Beneficial Ownership


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 OF SECURITIES
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Howes Kelley Abbott
2. Issuer Name and Ticker or Trading Symbol

JANUS CAPITAL GROUP INC [ jns ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
EVP, Gen. Counsel, Secretary
(Last)          (First)          (Middle)

151 DETROIT STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

10/2/2009
(Street)

DENVER, CO 80206
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   10/2/2009     S (1)    305   D $13.23   64711   D    
Common Stock   10/2/2009     S (1)    4300   D $13.24   60411   D    
Common Stock   10/2/2009     S (1)    300   D $13.25   60111   D    
Common Stock                  9699.33   (2) I   Held by ESOP  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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)   $5.32                      (3) 1/30/2016   Common Stock   47199     47199   D    
Stock Option (Right to Buy)   $27.54                      (4) 1/31/2015   Common Stock   11478     11478   D    
Stock Option (Right to Buy)   $21.01                      (5) 2/1/2014   Common Stock   9915     9915   D    
Stock Option (Right to Buy)   $21.57                    2/2/2009   2/12/2013   Common Stock   9814     9814   D    
Stock Option (Right to Buy)   $14.39                    2/1/2008   2/3/2015   Common Stock   12152     12152   D    
Stock Option (Right to Buy) and LSAR   (6) $16.24                    5/8/2006   2/3/2014   Common Stock   12512     12512   D    
Stock Option (Right to Buy) and LSAR   (6) $14.37                    5/8/2008   5/7/2013   Common Stock   3144     3144   D    
Stock Option (Right to Buy) and LSAR   (6) $25.71                    1/28/2007   1/27/2012   Common Stock   3186     3186   D    

Explanation of Responses:
( 1)  The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person to cover tax liabilities arising from vesting events.
( 2)  Includes shares contributed by issuer to reporting person under the Employee Stock Ownership Plan ("ESOP") and reflects the total number of shares held in the ESOP as of October 2, 2009.
( 3)  The option award vests annually in four equal installments (within one share) beginning on February 1, 2010.
( 4)  The option award vests annually in three equal installments beginning on February 1, 2009.
( 5)  The option award vests annually in four equal installments (within one share) beginning on February 1, 2008.
( 6)  Limited Stock Appreciation Rights ("LSARs") are granted in tandem with stock options. LSARs are automatically exercised (in lieu of related options) upon a change-in-control of the issuer which has not been approved by certain members of the issuers board of directors and results in the receipt of only cash by the option holder. LSARs terminate when the related options are exercised or terminated. All LSARs unvested as of January 1, 2005 have been terminated.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Howes Kelley Abbott
151 DETROIT STREET
DENVER, CO 80206


EVP, Gen. Counsel, Secretary

Signatures
Kathlene D. Duncan, Attorney-in-Fact for Kelley Abbott Howes 10/6/2009
** 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 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.
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