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 *

DRAPER MICHELLE
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)
Chief Marketing Officer
(Last)          (First)          (Middle)

3005 TASMAN DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

5/2/2019
(Street)

SANTA CLARA, CA 95054
(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   5/2/2019     M    155.00   A   (1) 6133.00   D    
Common Stock   5/2/2019     M    236.00   A   (1) 6369.00   D    
Common Stock   5/2/2019     F    77.00   (2) D $255.42   6292.00   D    
Common Stock   5/2/2019     S    85.00   (3) D $249.57   6207.00   D    
Common Stock   5/2/2019     F    118.00   (2) D $255.42   6089.00   D    
Common Stock                  128.00   I   By 401(k)/ESOP  

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
Restricted Stock Unit   $0.00   5/2/2019     M         236.00      (4) 5/2/2023   Common Stock   236.00     (1) 235.00   D    
Restricted Stock Unit   $0.00   5/2/2019     M         155.00      (5) 5/2/2024   Common Stock   155.00     (1) 308.00   D    

Explanation of Responses:
(1)  Each restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock.
(2)  Shares withheld by Issuer for payment of tax liability incurred upon vesting of restricted stock units.
(3)  The transactions reported were effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person effective November 20, 2018.
(4)  25%/4yr beginning on 02-May-2016.
(5)  25%/4yr beginning on 02-May-2017.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
DRAPER MICHELLE
3005 TASMAN DRIVE
SANTA CLARA, CA 95054


Chief Marketing Officer

Signatures
Wei Sun, Attorney-in-Fact for Michelle Draper 5/6/2019
** 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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