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 *
Cadieux Marc C
  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 Credit Officer
(Last)
(First)
(Middle)
3005 TASMAN DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
04/30/2016
(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 04/30/2016   M   445 A (1) 11,361 D  
Common Stock 05/01/2016   M   450 A (1) 11,811 D  
Common Stock 05/01/2016   M   225 A (1) 12,036 D  
Common Stock 05/02/2016   F   423 (2) D $ 105.18 11,613 D  
Common Stock               6,181 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
Restricted Stock Unit $ 0 05/01/2016   M     450 05/01/2013 05/01/2019 Common Stock 450 (1) 0 D  
Restricted Stock Unit $ 0 04/30/2016   M     445 04/30/2014 04/30/2020 Common Stock 445 (1) 445 D  
Restricted Stock Unit $ 0 05/01/2016   M     225 05/01/2016 05/01/2022 Common Stock 225 (1) 673 D  
Performance Restricted Stock Unit $ 0 02/16/2016   A V 4,837 (3)   01/30/2019 02/16/2023 Common Stock 4,837 (4) 4,837 D  
Restricted Stock Unit $ 0 05/02/2016   A   1,415 (5)   05/02/2017 05/02/2023 Common Stock 1,415 (1) 1,415 D  
Stock Option $ 105.18 05/02/2016   A   4,829 (6)   05/02/2017 05/02/2023 Common Stock 4,829 $ 105.18 4,829 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Cadieux Marc C
3005 TASMAN DRIVE
SANTA CLARA, CA 95054
      Chief Credit Officer  

Signatures

 Denise West, Attorney-in-Fact for Marc Cadieux   05/04/2016
**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) 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) Performance-based restricted stock units (PRSUs) are subject to both performance-based and time-based vesting. The extent to which the PRSU awards are earned will be based on the Company's performance for calendar years 2016-2018 and other considerations, as determined pursuant to the discretion of the Compensation Committee and the 162m Committee. The reported number of shares is the maximum number of shares that may be earned by the reporting person, based on the achievement of 150% of target performance. To the extent deemed earned at the end of the three-year performance period, these PRSUs will be subject to additional time-based vesting and will vest on January 30, 2019.
(4) Each performance-based restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock.
(5) Restricted stock units are subject to annual vesting in equal installments on May 2, 2017, May 2, 2018, May 2, 2019, and May 2, 2020.
(6) The grant of stock options is subject to annual vesting in four equal installments on the anniversary date of the grant, 25% on each of the successive anniversary dates. The exercise price of the stock options is determined based on the closing price of SVB's common stock on the date of grant.

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