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 *
Parsons Joan
  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
__X__ Officer (give title below) _____ Other (specify below)
Head of Specialty Banking
(Last)
(First)
(Middle)
SVB FINANCIAL GROUP, 3005 TASMAN DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2014
(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 06/30/2014   A V 242 (1) A $ 87.746 17,517 D  
Common Stock 09/11/2014   M   824 A $ 48.76 18,341 D  
Common Stock 09/11/2014   M   875 A $ 19.48 19,216 D  
Common Stock 09/11/2014   M   624 A $ 23.16 19,840 D  
Common Stock 09/11/2014   M   1,206 A $ 42.45 21,046 D  
Common Stock 09/11/2014   M   2,727 A $ 49.18 23,773 D  
Common Stock 09/11/2014   M   511 A $ 43.53 24,284 D  
Common Stock 09/11/2014   S   824 D $ 113.6772 23,460 D  
Common Stock 09/11/2014   S   875 D $ 113.7546 22,585 D  
Common Stock 09/11/2014   S   624 D $ 113.726 21,961 D  
Common Stock 09/11/2014   S   1,206 D $ 113.8219 20,755 D  
Common Stock 09/11/2014   S   2,727 D $ 113.876 18,028 D  
Common Stock 09/11/2014   S   511 D $ 113.6532 17,517 D  
Common Stock 09/11/2014   S   6,092 D $ 113.8846 11,425 D  
Common Stock               5,816 (2) 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 $ 42.45 09/11/2014   M     1,206 10/27/2010 10/27/2016 Common Stock 1,206 $ 42.45 0 D  
Stock Option $ 43.53 09/11/2014   M     511 10/26/2011 10/26/2017 Common Stock 511 $ 43.53 0 D  
Stock Option $ 19.48 09/11/2014   M     875 04/28/2010 04/28/2016 Common Stock 875 $ 19.48 0 D  
Stock Option $ 48.76 09/11/2014   M     824 04/29/2009 04/29/2015 Common Stock 824 $ 48.76 0 D  
Stock Option $ 49.18 09/11/2014   M     2,727 04/30/2011 04/30/2017 Common Stock 2,727 $ 49.18 0 D  
Stock Option $ 23.16 09/11/2014   M     624 01/27/2010 01/27/2016 Common Stock 624 $ 23.16 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Parsons Joan
SVB FINANCIAL GROUP
3005 TASMAN DRIVE
SANTA CLARA, CA 95054
      Head of Specialty Banking  

Signatures

 Denise West, Attorney-in-fact for Joan Parsons   09/15/2014
**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) Acquired under the Issuer's Employee Stock Purchase Plan.
(2) The information in this report is based on 401(k)/ESOP Plan statement dated as of June 30, 2014.
 
Remarks:
The exercise of the stock options and sale of the stocks in this Form 4 were affected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person effective August 6, 2014.

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