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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

MORELAND KENNETH V
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)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
CFO & Vice President
(Last)          (First)          (Middle)

T. ROWE PRICE GROUP, INC., P.O. BOX 89000
3. Date of Earliest Transaction (MM/DD/YYYY)

8/24/2015
(Street)

BALTIMORE, MD 21289-0320
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   8/24/2015     A   V 268.989   A $80.2959   (1) 75055.778   D    
Common Stock   8/24/2015     M    3122   A $31.3358   78177.778   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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)   $31.3358   8/24/2015     M         3122    10/3/2006   (2) 10/3/2015   Common Stock   3122   $0   0   D   (3)  
Stock Options (Right to Buy)   $60.7984                      (4) 9/6/2022   Common Stock   6504     6504   D   (3)  
Stock Options (Right to Buy)   $44.3716                    11/1/2007   (5) 11/1/2016   Common Stock   41637     41637   D   (3)  
Stock Options (Right to Buy)   $48.0508                    9/6/2008   (6) 9/6/2017   Common Stock   41637     41637   D   (3)  
Stock Options (Right to Buy)   $54.8329                    9/4/2009   (7) 9/4/2018   Common Stock   36432     36432   D   (3)  
Stock Options (Right to Buy)   $26.3885                    11/1/2010   (8) 2/12/2019   Common Stock   18735     18735   D   (3)  
Stock Options (Right to Buy)   $43.3725                    11/1/2010   (9) 9/10/2019   Common Stock   18736     18736   D   (3)  
Stock Options (Right to Buy)   $47.6474                    11/1/2011   (10) 2/18/2020   Common Stock   14572     14572   D   (3)  
Stock Options (Right to Buy)   $45.7933                    11/1/2011   (11) 9/8/2020   Common Stock   14572     14572   D   (3)  
Stock Options (Right to Buy)   $67.5613                    11/1/2012   (12) 2/17/2021   Common Stock   13011     13011   D   (3)  
Stock Options (Right to Buy)   $48.56                    11/1/2012   (13) 9/8/2021   Common Stock   13011     13011   D   (3)  
Stock Options (Right to Buy)   $59.0693                    12/10/2013   (14) 2/23/2022   Common Stock   6504     6504   D   (3)  
Stock Options (Right to Buy)   $69.6708                    12/10/2014   (15) 2/21/2023   Common Stock   6148     6148   D   (3)  
Stock Options (Right to Buy)   $70.2854                    12/10/2014   (16) 9/10/2023   Common Stock   6148     6148   D   (3)  
Stock Options (Right to Buy)   $77.9443                    12/10/2015   (17) 2/19/2024   Common Stock   5892     5892   D   (3)  
Stock Options (Right to Buy)   $78.4418                    12/10/2015   (18) 9/9/2024   Common Stock   5893     5893   D   (3)  
Stock Options (Right to Buy)   $80.9492                    12/9/2016   (19) 2/19/2025   Common Stock   5892     5892   D   (3)  

Explanation of Responses:
( 1)  Shares acquired pursuant to the T. Rowe Price Group, Inc. Employee Stock Purchase Plan at the noted weighted-average price.
( 2)  10/03/2005 Grant - The option vests 20% annually over a 5 year period beginning on 10/03/2006.
( 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)  09/06/2012 Grant - The option vests 20% annually over a 5 year period beginning on 12/10/2013.
( 5)  11/01/2006 Grant - The option vests 20% annually over a 5 year period beginning on 11/01/2007.
( 6)  09/06/2007 Grant - The option vests 20% annually over a 5 year period beginning on September 06, 2008.
( 7)  09/04/2008 Grant - The option vests 20% annually over a 5 year period beginning on 09/04/2009.
( 8)  2/12/2009 Grant - The option vests 20% annually over a 5 year period beginning on 11/01/2010.
( 9)  09/10/2009 Grant - The option vests 20% annually over a 5 year period beginning on 11/01/2010.
( 10)  02/18/2010 Grant - The option vests 20% annually over a 5 year period beginning on 11/01/2011.
( 11)  09/08/2010 Grant - The option vests 20% annually over a 5 year period beginning on 11/01/2011.
( 12)  02/17/2011 Grant - The option vests 20% annually over a 5 year period beginning on 11/01/2012.
( 13)  09/08/2011 Grant - The option vests 20% annually over a 5 year period beginning on 11/01/2011.
( 14)  02/23/2012 Grant - The option vests 20% annually over a 5 year period beginning on 12/10/2013.
( 15)  02/21/2013 Grant - The option vests 20% annually over a 5 year period beginning on 12/10/2014.
( 16)  09/10/2013 Grant - The option vests 20% annually over a 5 year period beginning on 12/10/2014.
( 17)  02/19/2014 Grant - The option vests 20% annually over a 5 year period beginning on 12/10/2015.
( 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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
MORELAND KENNETH V
T. ROWE PRICE GROUP, INC.
P.O. BOX 89000
BALTIMORE, MD 21289-0320


CFO & Vice President

Signatures
/s/ Kenneth V. Moreland 8/25/2015
** Signature of Reporting Person Date


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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.
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