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 *
  Jones David A
2. Date of Event Requiring Statement (Month/Day/Year)
07/24/2008
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)
Chief Credit Officer
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 60,698
D
 
Common Stock (1) 20,486
D
 

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
Restricted Stock Unit 04/02/2008(2) 04/02/2011 Common Stock 813 $ 0 D  
Restricted Stock Unit 04/29/2009(2) 04/29/2012 Common Stock 1,750 $ 0 D  
Incentive stock option 11/16/2002(3) 11/16/2011 Common Stock 87 $ 26 D  
Non qualified stock option 11/16/2002(3) 11/16/2011 Common Stock 7,413 $ 26 D  
Incentive stock option 11/05/2003(3) 11/05/2012 Common Stock 2,148 $ 19.24 D  
Non-qualified stock option 11/05/2003(3) 11/05/2012 Common stock 12,852 $ 19.24 D  
incentive stock option 04/17/2003(3) 04/17/2012 common stock 1,875 $ 31.29 D  
non-qualified stock option 04/17/2003(3) 04/17/2012 common stock 5,625 $ 31.29 D  
incentive stock option 11/03/2004(3) 11/03/2008 common stock 1,497 $ 35.26 D  
non qualified stock option 11/03/2004(3) 11/03/2008 common stock 6,003 $ 35.26 D  
incentive stock option 04/23/2005(3) 04/23/2011 common stock 1,750 $ 35.54 D  
non qualified stock options 04/23/2005(3) 04/23/2011 common stock 5,250 $ 35.54 D  
incentive stock option 11/19/2005(3) 11/19/2011 common stock 907 $ 41.66 D  
nonqualified stock option 11/19/2005(3) 11/19/2011 common stock 3,593 $ 41.66 D  
restricted stock 04/01/2006(1) 04/01/2010 common stock 291 $ 0 D  
incentive stock options 04/01/2006(3) 04/01/2012 common stock 875 $ 43.49 D  
non qualified stock option 04/01/2006(3) 04/01/2012 common stock 2,625 $ 43.49 D  
incentive stock option 04/02/2008(3) 04/02/2014 common stock 1,942 $ 48.15 D  
non qualified stock option 04/02/2008(3) 04/02/2014 common stock 1,308 $ 48.15 D  
incentive stock option 04/29/2009(3) 04/29/2015 common stock 2,292 $ 48.76 D  
non qualified stock option 04/29/2009(3) 04/29/2015 common stock 1,708 $ 48.76 D  
incentive stock option 07/20/2001(3) 07/20/2010 common stock 1,721 $ 49.5 D  
non qualified stock options 07/20/2001(3) 07/20/2010 common stock 5,779 $ 49.5 D  
Restricted stock unit 11/19/2008(2) 11/19/2011 common stock 2,791 $ 0 D  
Restricted stock unit 04/04/2007(2) 04/04/2010 common stock 582 $ 0 D  
incentive stock option 04/04/2007(3) 04/04/2013 common stock 1,750 $ 53.29 D  
non qualified stock option 04/04/2007(3) 04/04/2013 common stock 1,750 $ 53.29 D  
non qualified stock option 01/21/2000(3) 01/21/2009 common stock 15,000 $ 8.938 D  
incentive stock option 08/04/1999(3) 08/04/2008 common stock 13,304 $ 15.031 D  
non qualified stock option 08/04/1999(3) 08/04/2008 common stock 16,696 $ 15.031 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Jones David A
3003 TASMAN DRIVE
SANTA CLARA, CA 95054
      Chief Credit Officer  

Signatures

Lisa Bertolet as attorney in fact 07/31/2008
**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) Direct holding in 401K/Employee Stock Ownership Plan.
(2) Restricted Stock Unit vests in 4 equal installments over 4 years.
(3) Stock option award vests in 4 equal installments over 4 years

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