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 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 *
Two Harbors Investment Corp.
   2. Issuer Name and Ticker or Trading Symbol
Silver Bay Realty Trust Corp. [SBY] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
601 CARLSON PARKWAY, SUITE 1400		 3. Date of Earliest Transaction (Month/Day/Year)
04/02/2013
(Street)

MINNETONKA, MN 55305		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ 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, par value $0.01 per share 04/02/2013   J(1)   17,824,647 D $ 0 0 D  

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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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Two Harbors Investment Corp.
601 CARLSON PARKWAY
SUITE 1400
MINNETONKA, MN 55305		     X    
TWO HARBORS ASSET I, LLC
601 CARLSON PARKWAY
SUITE 1400
MINNETONKA, MN 55305		     X    
TWO HARBORS OPERATING Co LLC
601 CARLSON PARKWAY
SUITE 1400
MINNETONKA, MN 55305		     X    

Signatures

 /s/ Thomas Siering, President and Chief Executive Officer of Two Harbors Investment Corp.   04/03/2013
**Signature of Reporting Person Date
 /s/ Thomas Siering, President and Chief Executive Officer of Two Harbors Asset I, LLC   04/03/2013
**Signature of Reporting Person Date
 /s/ Thomas Siering, President and Chief Executive Officer of Two Harbors Operating Company LLC   04/03/2013
**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) April 2, 2013 represents the record date for the special dividend declared by Two Harbors Investment Corp. on March 18, 2013, pursuant to which the securities are to be distributed on a pro rata basis to the stockholders of Two Harbors Investment Corp. The securities were previously owned directly by Two Harbors Asset I, LLC, a wholly owned subsidiary of Two Harbors Operating Company LLC, which is a wholly owned subsidiary of Two Harbors Investment Corp. The securities were subsequently transferred into the name of Two Harbors Investment Corp. in order to effect the special dividend.

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