TWO HARBORS INVESTMENT CORP. — Director's Dealing 2011

May 20, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Two Harbors Investment Corp. (TWO)
CIK: 0001465740
Period of Report: 2011-05-18

Reporting Person: SANDERS WILLIAM REID (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-18	Common Stock, par value $0.01 per share	A	4647	—	Acquired	41082	Direct

Footnotes

F1: Represents restricted stock award for service as a director, issued under Two Harbors Investment Corp.'s 2009 Equity Incentive Plan. Vests in three equal annual installments commencing on the first anniversary of the grant date.