Sec Form 4 Filing - ROWLAND LANDON H @ JANUS CAPITAL GROUP INC - 2010-05-28

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 ROWLAND LANDON H 2. Issuer Name and Ticker or Trading Symbol JANUS CAPITAL GROUP INC [ JNS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 920 MAIN STREET, SUITE 204 3. Date of Earliest Transaction (MM/DD/YY) 05/28/2010 (Street) KANSAS CITY,, MO64105 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 05/28/2010 A 103 ( 1 ) A $ 0 27,379 ( 2 ) D Common Stock 260,000 I By Preservation Investment Partners LP Common Stock 787,871 D Common Stock 115,410 I By Landon Rowland Revocable Trust Common Stock 6,959 I By Sarah Rowland Revocable Trust Common Stock 2,015 I By Spouse

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 Option (Right to Buy) and LSAR ( 3 ) $ 42.34 01/29/2001 01/28/2011 Common Stock 4,335 4,335 D Option (Right to Buy) and LSAR ( 3 ) $ 25.71 01/28/2002 01/27/2012 Common Stock 6,866 6,866 D Option (Right to Buy) and LSAR ( 3 ) ( 4 ) 01/01/2003 07/17/2012 Common Stock 212,000 212,000 D Option (Right to Buy) and LSAR ( 3 ) $ 13.15 12/11/2002 12/10/2012 Common Stock 13,106 13,106 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other ROWLAND LANDON H 920 MAIN STREET, SUITE 204 KANSAS CITY,, MO64105 X Signatures Susan J. Armstrong, Attorney-in-Fact for Landon H. Rowland 06/01/2010 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Restricted stock units acquired pursuant to a dividend reinvestment feature under the Director Deferred Fee Plan. ( 2 )Restricted stock units are payable in common stock upon the reporting person's termination of service as a director. Each restricted stock unit represents one share of common stock upon distribution. ( 3 )Subject to compliance with Section 409A of the Internal Revenue Code, Limited Stock Appreciation Rights ("LSAR") are granted in tandem with stock options. LSARs are automatically exercisable (in lieu of related options) upon a change-of-control of the issuer which has not been approved by certain members of the issuer's board of directors and result in the receipt of only cash by the option holder. LSARs terminate when the related options are exercised or terminated. ( 4 )Exercise price is $19.36 for 56,000 options, $21.59 for 56,000 options, $17.12 for 56,000 options and $14.89 for 44,000 options.

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).

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