SEC Form 3

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 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* PRCM Real Estate Advisers LLC (Last) (First) (Middle) C/O SILVER BAY REALTY TRUST CORP. 601 CARLSON PARKWAY, SUITE 250 (Street) MINNETONKA MN 55305 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 12/13/2012	3. Issuer Name and Ticker or Trading Symbol Silver Bay Realty Trust Corp. [ SBY ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of 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

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, par value $0.01 per share	1,000	D(1)

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: 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

1. Name and Address of Reporting Person* PRCM Real Estate Advisers LLC (Last) (First) (Middle) C/O SILVER BAY REALTY TRUST CORP. 601 CARLSON PARKWAY, SUITE 250 (Street) MINNETONKA MN 55305 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Pine River Domestic Management L.P. (Last) (First) (Middle) 601 CARLSON PARKWAY SUITE 301 (Street) MINNETONKA MN 55305 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Pine River Capital Management LLC (Last) (First) (Middle) 601 CARLSON PARKWAY SUITE 330 (Street) MINNETONKA MN 55305 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* TAYLOR BRIAN (Last) (First) (Middle) C/O SILVER BAY REALTY TRUST CORP. 601 CARLSON PARKWAY, SUITE 250 (Street) MINNETONKA MN 55305 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Deephaven, Inc. (Last) (First) (Middle) 14601 27TH AVE. N., SUITE 102 (Street) PLYMOUTH MN 55447 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Provident Real Estate Advisors LLC (Last) (First) (Middle) C/O SILVER BAY REALTY TRUST CORP. 601 CARLSON PARKWAY, SUITE 250 (Street) MINNETONKA MN 55305 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* KESSLER IRVIN R (Last) (First) (Middle) C/O SILVER BAY REALTY TRUST CORP. 601 CARLSON PARKWAY, SUITE 250 (Street) MINNETONKA MN 55305 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. The securities are owned directly by PRCM Real Estate Advisers LLC (the "Manager"), of which Pine River Domestic Management L.P (the "Partnership")and Provident Real Estate Advisors LLC ("Provident") own, collectively, all of the outstanding equity interests. Mr. Taylor is the sole member of Pine River Capital Management LLC (the "LLC"), an entity which is the general partner of the Partnership. Mr. Taylor, the Partnership and the LLC disclaim beneficial ownership of any of the securities owned by the Manager other than to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that Mr. Taylor, the Partnership or the LLC is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. Mr. Kessler is the sole owner and Chief Executive Officer of Deephaven, Inc. ("Deephaven"), an entity which is the sole owner of Provident. Mr. Kessler, Provident and Deephaven disclaim beneficial ownership of any of the securities owned by the Manager other than to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that Mr. Kessler, Provident or Deephaven is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Remarks:

	/s/ Timothy O'Brien, attorney in fact, on behalf of Deephaven, Inc.	12/13/2012
	/s/ Timothy O'Brien, attorney in fact, on behalf of Provident Real Estate Advisors LLC	12/13/2012
	/s/ Timothy O'Brien, attorney in fact, on behalf of PRCM Real Estate Advisers LLC	12/13/2012
	/s/ Timothy O'Brien, attorney in fact, on behalf of Pine River Capital Management LLC	12/13/2012
	/s/ Timothy O'Brien, attorney in fact on behalf of Brian Taylor	12/13/2012
	/s/ Timothy O'Brien, General Counsel and Authorized Signatory for Pine River Domestic Management L.P.	12/13/2012
	/s/ Timothy O'Brien, attorney in fact, on behalf of Irvin R. Kessler	12/13/2012
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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