X0202 4 2006-01-24 0001065865 JANUS CAPITAL GROUP INC JNS 0001283974 BLACK GARY D 151 DETROIT STREET DENVER CO 80206 1 1 0 0 CEO, CIO Common Stock 2006-01-24 4 F 0 46095 21.52 D 263255 D Common Stock 496.77 I Held by ESOP Stock Options (Right to Buy) 14.39 2015-02-03 Common Stock 122312 122312 D Stock Options (Right to Buy) 15.48 2014-04-25 Common Stock 1125176 1125176 D The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on April 26, 2004, to cover tax liabilities arising from vesting events. Includes 1,563 shares acquired under the issuer's Employee Stock Purchase Plan during 2005. Shares contributed by issuer to reporting person under the Employee Stock Ownership Plan ("ESOP") as of January 26, 2006. All Limited Stock Appreciation Rights ("LSARs") that were unvested as of January 1, 2005 have been terminated. The option vests annually in four approximately equal installments (within one share) beginning on February 1, 2006. In accordance with Section 162(m) requirements, the option shall vest annually in three installments beginning in January 2005 subject to certain performance criteria being met; the first two vesting events will be 375,059 per vesting event, and the last vesting event will be 375,058. Wanette N. Pauly, Attorney-in-Fact for Gary D. Black 2006-01-26