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 *
  China John
 2. Date of Event Requiring Statement (Month/Day/Year)
04/21/2011		 3. Issuer Name and Ticker or Trading Symbol
SVB FINANCIAL GROUP [SIVB]
(Last)
(First)
(Middle)
3005 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 Rel Mgmt
 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 885
D
 
Common Stock 4,744
I
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
Stock Option 11/16/2002(1) 11/16/2011 Common Stock 1,500 $ 26 D  
Stock Option 04/17/2003(1) 04/17/2012 Common Stock 2,500 $ 31.29 D  
Stock Option 11/08/2003(1) 11/08/2012 Common Stock 1,500 $ 17.07 D  
Stock Options 11/19/2005(1) 11/19/2011 Common Stock 1,500 $ 41.66 D  
Stock Options 04/01/2006(1) 04/01/2012 Common Stock 825 $ 43.49 D  
Stock Options 03/01/2007(1) 03/01/2013 Common Stock 1,750 $ 51.61 D  
Stock Options 04/02/2008(1) 02/04/2014 Common Stock 2,000 $ 48.15 D  
Stock Options 04/29/2009(1) 04/29/2015 Common Stock 1,890 $ 48.76 D  
Stock Options 07/07/2009(1) 07/07/2015 Common Stock 174 $ 45.11 D  
Stock Options 04/28/2010(1) 04/28/2016 Common Stock 3,704 $ 19.48 D  
Stock Options 04/30/2011(1) 04/30/2017 Common Stock 2,500 $ 49.18 D  
Stock Options 01/03/2012(1) 01/03/2018 Common Stock 2,520 $ 54.88 D  
Restricted Stock Unit 11/19/2008(2) 11/19/2011 Common stock 465 $ 0 D  
Restricted Stock Unit 04/29/2009(2) 04/29/2012 Common stock 374 $ 0 D  
Restricted Stock Unit 07/07/2009(2) 07/07/2012 Common Stock 34 $ 0 D  
Restricted Stock Unit 04/30/2011(2) 04/30/2014 Common stock 1,000 $ 0 D  
Restricted Stock Unit 01/03/2012(2) 01/03/2015 Common Stock 1,250 $ 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
China John
3005 TASMAN DRIVE
SANTA CLARA, CA 95054		       Head of Rel Mgmt  

Signatures

Lisa Bertolet as attorney in fact 04/28/2011
**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) Stock options vest 25% annually over four years from date of grant.
(2) Restricted stock units vest 25% annually over 4 years from the date of grant.

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