SVB Financial (SIVBQ) Form 4 SVB FINANCIAL / Philip C Cox ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Cox Philip C

(Last) (First) (Middle)

3005 TASMAN DRIVE

(Street)

SANTA CLARA CA 95054

(City) (State) (Zip)

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)
Head EMEA India & President,UK

3. Date of Earliest Transaction (Month/Day/Year)
01/31/2017

4. If Amendment, Date of 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

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	01/31/2017		M		812	A	$64.37	5,381	D
Common Stock	01/31/2017		M		1,175	A	$71.11	6,556	D
Common Stock	01/31/2017		M		1,715	A	$107.98	8,271	D
Common Stock	01/31/2017		M		272	A	$129.81	8,543	D
Common Stock	01/31/2017		M		234	A	$107.98	8,777	D
Common Stock	01/31/2017		M		356	A	$129.81	9,133	D
Common Stock	01/31/2017		S		315	D	$170.6834(1)	8,818	D
Common Stock	01/31/2017		S		198	D	$171.2651(2)	8,620	D
Common Stock	01/31/2017		S		1,395	D	$170.6834(1)	7,225	D
Common Stock	01/31/2017		S		814	D	$170.6834(1)	6,411	D
Common Stock	01/31/2017		S		241	D	$170.6834(1)	6,170	D
Common Stock	01/31/2017		S		193	D	$170.6834(1)	5,977	D
Common Stock	01/31/2017		S		545	D	$170.6834(1)	5,432	D
Common Stock	02/01/2017		S		1,400	D	$174.0268(3)	4,032	D
Common Stock	02/01/2017		S		1,450	D	$174.4906(4)	2,582	D
Common Stock	02/01/2017		S		450	D	$176.2689(5)	2,132	D

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 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: 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
Stock Option	$129.81	01/31/2017		M			272	(6)	05/01/2022	Common Stock	272	$0.00	815	D
Stock Option	$129.81	01/31/2017		M			356	(6)	05/01/2022	Common Stock	356	$0.00	1,066	D
Stock Option	$107.98	01/31/2017		M			234	(7)	04/29/2021	Common Stock	234	$0.00	232	D
Stock Option	$107.98	01/31/2017		M			1,715	(7)	04/29/2021	Common Stock	1,715	$0.00	1,714	D
Stock Option	$71.11	01/31/2017		M			1,175	(8)	04/30/2020	Common Stock	1,175	$0.00	1,175	D
Stock Option	$64.37	01/31/2017		M			812	(9)	05/01/2019	Common Stock	812	$0.00	0.00	D

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $170.5 to $171.23; the price reported above reflects the weighted average sale price.

2. This transaction was executed in multiple trades at prices ranging from $171.26 to $171.27; the price reported above reflects the weighted average sale price.

3. This transaction was executed in multiple trades at prices ranging from $174 to $174.11; the price reported above reflects the weighted average sale price.

4. This transaction was executed in multiple trades at prices ranging from $174.13 to $175.1; the price reported above reflects the weighted average sale price.

5. This transaction was executed in multiple trades at prices ranging from $176.25 to $176.3; the price reported above reflects the weighted average sale price.

6. 25%/4yr beginning on 01-May-2016.

7. 25%/4yr beginning on 29-Apr-2015.

8. 25%/4yr beginning on 30-Apr-2014.

9. 25%/4yr beginning on 01-May-2013.

Remarks:

	Denise West, Attorney-in-Fact for Philip Cox	02/02/2017
	** 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).
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