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 *
  Edmonds-Waters Christopher
 2. Date of Event Requiring Statement (Month/Day/Year)
12/19/2007		 3. Issuer Name and Ticker or Trading Symbol
SVB FINANCIAL GROUP [SIVB]
(Last)
(First)
(Middle)
3003 TASMAN DRIVE		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Head of Human Resources
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

SANTA CLARA, CA 95054		 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 249
I
By self in 401k/ESOP

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
Incentive Stock Option (right to buy) 04/23/2005(1) 04/23/2011 Common Stock 900 $ 35.54 D  
Incentive Stock Option (right to buy) 11/19/2005(1) 11/19/2011 Common Stock 437 $ 41.66 D  
Incentive Stock Option (right to buy) 04/01/2006(1) 04/01/2012 Common Stock 1,750 $ 43.49 D  
Incentive Stock Option (right to buy) 04/02/2008(1) 04/02/2014 Common Stock 1,312 $ 48.15 D  
Incentive Stock Option (right to buy) 04/04/2007(1) 04/04/2013 Common Stock 1,094 $ 53.29 D  
Non-Qualified Stock Option (right to buy) 04/02/2008(1) 04/02/2014 Common Stock 438 $ 48.15 D  
Non-Qualified Stock Option (right to buy) 04/04/2007(1) 04/04/2013 Common Stock 656 $ 53.29 D  
Restricted Stock Unit 04/01/2008(2) 04/01/2009 Common Stock 582 $ 0 D  
Restricted Stock Unit 04/04/2008(2) 04/04/2010 Common Stock 438 $ 0 D  
Restricted Stock Unit 04/02/2008(2) 04/02/2011 Common Stock 585 $ 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Edmonds-Waters Christopher
3003 TASMAN DRIVE
SANTA CLARA, CA 95054		       Head of Human Resources  

Signatures

Christopher Edmonds-Waters 12/24/2007
**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) The option vests in four equal annual installments beginning one year from date of grant.
(2) Restricted stock units were granted to the reporting person. Vesting will occur annually from the date of grant over 4 years with 25% vesting each year.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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