X0201 4 2004-03-31 0001065865 JANUS CAPITAL GROUP INC JNS 0001217485 EARLY THOMAS A JANUS CAPITAL GROUP INC. 151 DETROIT STREET DENVER, CO 80206 0 1 0 0 SVP,General Counsel,Secretary Common Stock 2004-03-31 4 F 0 9802 16.28 D 258261 D Common Stock 2004-03-31 4 S 0 3154 16.24 D 268063 D Common Stock 2383.73 I Held by ESOP Option (Right to Buy) and LSAR 25.71 2012-01-27 Common Stock 8204 8204 D Option (Right to Buy) and LSAR 21.31 2000-07-12 2009-01-25 Common Stock 200 200 D The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 12, 2003, to cover tax liabilities arising from vesting events. Includes 523.67 shares contributed by issuer to reporting person in second half of 2003 and in March 2004 under the Employee Stock Ownership Plan ("ESOP") and reflects total number of shares held in the ESOP as of March 31, 2004. Limited Stock Appreciation Rights ("LSARs") are granted in tandem with stock options. LSARs are automatically exercised (in lieu of related options) upon a change-of-control of the Company which has not been approved by certain members of the Company'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. The option award vests annually in five installments beginning on January 28, 2003; the first four vesting events will be 1,641 options per vesting event, and the last vesting event will be 1,640 options. Jill M. Jepson, Attorney-in-Fact for Thomas A. Early 2004-04-02