Ownership Submission
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

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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
KENNEDY JAMES A C
   2. Issuer Name and Ticker or Trading Symbol
PRICE T ROWE GROUP INC [TROW] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CEO & President
(Last)
(First)
(Middle)
T. ROWE PRICE GROUP, INC., P.O. BOX 89000		 3. Date of Earliest Transaction (Month/Day/Year)
09/09/2015
(Street)

BALTIMORE, MD 21289-0320		 4. If Amendment, Date Original Filed(Month/Day/Year)
 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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 09/09/2015   A   4,500 (1) A $ 0 1,420,566 D  
Common Stock               877,254 I 2008 Kennedy Family Trust
Common Stock               445,545 I James A.C. Kennedy LLC

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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
(Month/Day/Year)		 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
Stock Options (Right to Buy) $ 44.3716             11/01/2007(2) 11/01/2016 Common Stock 101,728   101,728 D (3)  
Stock Options (Right to Buy) $ 48.0508             09/06/2008(4) 09/06/2017 Common Stock 102,057   102,057 D (3)  
Stock Options (Right to Buy) $ 54.8329             09/04/2009(5) 09/04/2018 Common Stock 102,293   102,293 D (3)  
Stock Options (Right to Buy) $ 26.3885             11/01/2010(6) 02/12/2019 Common Stock 48,363   48,363 D (3)  
Stock Options (Right to Buy) $ 43.3725             11/01/2010(7) 09/10/2019 Common Stock 52,047   52,047 D (3)  
Stock Options (Right to Buy) $ 47.6474             11/01/2011(8) 02/18/2020 Common Stock 52,047   52,047 D (3)  
Stock Options (Right to Buy) $ 45.7933             11/01/2011(9) 09/08/2020 Common Stock 52,048   52,048 D (3)  
Stock Options (Right to Buy) $ 67.5613             11/01/2012(10) 02/17/2021 Common Stock 52,048   52,048 D (3)  
Stock Options (Right to Buy) $ 48.56             11/01/2012(11) 09/08/2021 Common Stock 52,048   52,048 D (3)  
Stock Options (Right to Buy) $ 59.0693             12/10/2013(12) 02/23/2022 Common Stock 26,023   26,023 D (3)  
Stock Options (Right to Buy) $ 60.7984             12/10/2013(13) 09/06/2022 Common Stock 23,421   23,421 D (3)  
Stock Options (Right to Buy) $ 69.6708             12/10/2014(14) 02/21/2023 Common Stock 23,060   23,060 D (15)  
Stock Options (Right to Buy) $ 77.9443             12/10/2015(16) 02/19/2024 Common Stock 17,936   17,936 D (15)  
Stock Options (Right to Buy) $ 70.2854             12/10/2014(17) 09/10/2023 Common Stock 16,399   16,399 D (15)  
Stock Options (Right to Buy) $ 78.4418             12/10/2015(18) 09/09/2024 Common Stock 15,374   15,374 D (15)  
Stock Options (Right to Buy) $ 80.9492             12/09/2016(19) 02/19/2025 Common Stock 12,811   12,811 D (15)  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
KENNEDY JAMES A C
T. ROWE PRICE GROUP, INC.
P.O. BOX 89000
BALTIMORE, MD 21289-0320		   X     CEO & President  

Signatures

 /s/ James A.C. Kennedy   09/10/2015
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) On September 09, 2015, the Executive Compensation Committee certified that the performance threshold on certain performance-based restricted stock awards were met. The awards are settled in shares of common stock upon vesting. The awards vest in five equal annual installments beginning on December 10, 2015.
(2) 11/01/2006 Grant - The option vests 20% annually over a 5 year period beginning on 11/01/2007.
(3) As required under the relevant plan and option agreements, the strike price and number of shares subject to outstanding stock options were adjusted by 1.56% on December 13, 2012, and by 2.5% on April 7, 2015, the ex-dividend dates, as a result of special dividends that were declared by T. Rowe Price Group, Inc.
(4) 09/06/2007 Grant - The option vests 20% annually over a 5 year period beginning on September 06, 2008.
(5) 09/04/2008 Grant - The option vests 20% annually over a 5 year period beginning on 09/04/2009.
(6) 2/12/2009 Grant - The option vests 20% annually over a 5 year period beginning on 11/01/2010.
(7) 09/10/2009 Grant - The option vests 20% annually over a 5 year period beginning on 11/01/2010.
(8) 02/18/2010 Grant - The option vests 20% annually over a 5 year period beginning on 11/01/2011.
(9) 09/08/2010 Grant - The option vests 20% annually over a 5 year period beginning on 11/01/2011.
(10) 02/17/2011 Grant - The option vests 20% annually over a 5 year period beginning on 11/01/2012.
(11) 09/08/2011 Grant - The option vests 20% annually over a 5 year period beginning on 11/01/2012.
(12) 02/23/2012 Grant - The option vests 20% annually over a 5 year period beginning on 12/10/2013.
(13) 09/06/2012 Grant - The option vests 20% annually over a 5 year period beginning on 12/10/2013.
(14) 02/21/2013 Grant - The option vests 20% annually over a 5 year period beginning on 12/10/2014.
(15) As required under the relevant plan and option agreements, the strike price and number of shares subject to outstanding stock options were adjusted by 2.5% on April 7, 2015, the ex-dividend date, as a result of a special dividend that was declared by T. Rowe Price Group, Inc.
(16) 02/19/2014 Grant - The option vests 20% annually over a 5 year period beginning on 12/10/2015.
(17) 09/10/2013 Grant - The option vests 20% annually over a 5 year period beginning on 12/10/2014.
(18) 09/09/2014 Grant - The option vests 20% annually over a 5 year period beginning on 12/10/2015.
(19) 02/19/2015 Grant - The option vests 20% annually over a 5 year period beginning on 12/09/2016.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.