X0201 42003-12-31 0001065865 JANUS CAPITAL GROUP INC JNS 0001217494 SODERBERG LARS O JANUS CAPITAL GROUP INC. 100 FILLMORE STREET DENVER, CO 80206-4928 0100EVP - Institutional ServicesCommon Stock2003-12-314F070416.39D55012DCommon Stock2003-12-314S022716.40D55716DCommon Stock4018.05IHeld by ESOPOption (Right to Buy) and LSAR14.372013-05-07Common Stock70837083DOption (Right to Buy) and LSAR25.712012-01-27Common Stock43814381DOption (Right to Buy) and LSAR21.312000-07-122009-01-25Common Stock200200DOption (Right to Buy) and LSAR13.762000-07-122008-01-27Common Stock2000020000DThe 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.Reflects number of shares held in Employee Stock Ownership Plan as of March 10, 2003.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 May 8, 2004; the first three vesting events will be 1,417 options per vesting event, and the last two vesting events will be 1,416 options per vesting event.The option award vests annually in five installments beginining on January 28, 2003; the first vesting event will be 877 options, and the last four vesting events will be 876 options per vesting event.Jill M. Jepson, Attorney-in-Fact for Lars O. Soderberg2004-01-02