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
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(Print or Type Responses)
1. Name and Address of Reporting Person *
BECKER GREGORY W
  2. Issuer Name and Ticker or Trading Symbol
SVB FINANCIAL GROUP [SIVB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
President and CEO
(Last)
(First)
(Middle)
3005 TASMAN DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
08/01/2018
(Street)

SANTA CLARA, CA 95054
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 06/29/2018   A V 105 (1) A $ 201.773 53,841 I Revocable Trust
Common Stock 08/01/2018   S   1,500 D $ 308.24 52,341 I Revocable Trust
Common Stock 08/01/2018   M   7,000 A $ 71.11 59,341 I Revocable Trust
Common Stock 08/01/2018   S   500 D $ 309.978 (2) 58,841 I Revocable Trust
Common Stock 08/01/2018   S   8,672 D $ 311.1981 (3) 50,169 I Revocable Trust
Common Stock 08/01/2018   S   2,200 D $ 312.1708 (4) 47,969 I Revocable Trust
Common Stock               6,169 (5) I By 401(k)/ESOP

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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 Option $ 71.11 08/01/2018   M     7,000   (6) 04/30/2020 Common Stock 7,000 $ 0 21,828 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BECKER GREGORY W
3005 TASMAN DRIVE
SANTA CLARA, CA 95054
      President and CEO  

Signatures

 Denise West, Attorney-in-Fact for Gregory Becker   08/03/2018
**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) These shares were acquired under the Issuer's Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).
(2) This transaction was executed in multiple trades at prices ranging from $309.60 to $310.30; the price reported above reflects the weighted average sale price.
(3) This transaction was executed in multiple trades at prices ranging from $310.72 to $311.67; the price reported above reflects the weighted average sale price.
(4) This transaction was executed in multiple trades at prices ranging from $311.77 to $312.76; the price reported above reflects the weighted average sale price.
(5) The information in this report is based on 401(k)/ESOP Plan statement dated as of June 30, 2018.
(6) 25%/4yr beginning on 30-Apr-2014.
 
Remarks:
All transactions reported in this Form 4 with transaction date August 1, 2018 were effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person effective May 10, 2018.

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