Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Oestreicher David
 2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2016		 3. Issuer Name and Ticker or Trading Symbol
PRICE T ROWE GROUP INC [TROW]
(Last)
(First)
(Middle)
100 E. PRATT STREET		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Corp Secretary and VP
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

BALTIMORE, MD 21202		 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 Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 59,620.2759
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to Buy)   (1) 09/04/2018 Common Stock 1,803 $ 54.8329 D  
Stock Options (Right to Buy)   (2) 09/10/2019 Common Stock 784 $ 43.3725 D  
Stock Options (Right to Buy)   (3) 02/18/2020 Common Stock 10,408 $ 47.6474 D  
Stock Options (Right to Buy)   (4) 09/08/2020 Common Stock 10,409 $ 45.7933 D  
Stock Options (Right to Buy)   (5) 02/17/2021 Common Stock 10,409 $ 67.5613 D  
Stock Options (Right to Buy)   (6) 09/08/2021 Common Stock 10,409 $ 48.56 D  
Stock Options (Right to Buy)   (7) 02/23/2022 Common Stock 5,203 $ 59.0693 D  
Stock Options (Right to Buy)   (8) 09/06/2022 Common Stock 5,203 $ 60.7984 D  
Stock Options (Right to Buy)   (9) 02/21/2023 Common Stock 5,123 $ 69.6708 D  
Stock Options (Right to Buy)   (10) 09/10/2023 Common Stock 5,123 $ 70.2854 D  
Stock Options (Right to Buy)   (11) 02/19/2024 Common Stock 5,123 $ 77.9443 D  
Stock Options (Right to Buy)   (12) 09/09/2024 Common Stock 5,124 $ 78.4418 D  
Stock Options (Right to Buy)   (13) 02/19/2025 Common Stock 5,123 $ 80.9492 D  
Stock Options (Right to Buy)   (14) 09/10/2025 Common Stock 5,000 $ 70.92 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Oestreicher David
100 E. PRATT STREET
BALTIMORE, MD 21202		       Corp Secretary and VP  

Signatures

/s/ David Oestreicher 01/08/2016
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) 09/04/2008 Grant - The option vests 20% annually over a 5 year period beginning on 09/04/2009.
(2) 09/10/2009 Grant - The option vests 20% annually over a 5 year period beginning on 11/01/2010.
(3) 02/18/2010 Grant - The option vests 20% annually over a 5 year period beginning on 11/01/2011.
(4) 09/08/2010 Grant - The option vests 20% annually over a 5 year period beginning on 11/01/2011.
(5) 02/17/2011 Grant - The option vests 20% annually over a 5 year period beginning on 11/01/2012.
(6) 09/08/2011 Grant - The option vests 20% annually over a 5 year period beginning on 11/01/2012.
(7) 02/23/2012 Grant - The option vests 20% annually over a 5 year period beginning on 12/10/2013.
(8) 09/06/2012 Grant - The option vests 20% annually over a 5 year period beginning on 12/10/2013.
(9) 02/21/2013 Grant - The option vests 20% annually over a 5 year period beginning on 12/10/2014.
(10) 09/10/2013 Grant - The option vests 20% annually over a 5 year period beginning on 12/10/2014.
(11) 02/19/2014 Grant - The option vests 20% annually over a 5 year period beginning on 12/10/2015.
(12) 09/09/2014 Grant - The option vests 20% annually over a 5 year period beginning on 12/10/2015.
(13) 02/19/2015 Grant - The option vests 20% annually over a 5 year period beginning on 12/09/2016.
(14) 09/10/2015 Grant - The option vests 20% annually over a 5 year period beginning on 12/09/2016.

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