Ownership Submission
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, 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 *
LINDSAY RONALD T
  2. Issuer Name and Ticker or Trading Symbol
BOWATER INC [BOW]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP-General Counsel&Secretary
(Last)
(First)
(Middle)
55 EAST CAMPERDOWN WAY
3. Date of Earliest Transaction (Month/Day/Year)
10/29/2007
(Street)

GREENVILLE, SC 29601
4. If Amendment, Date 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
(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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
Restricted Stock Units $ 27.7 10/29/2007   D     5,416 10/29/2007(1) 02/07/2017 Common Stock 5,416 (2) 0 D  
Restricted Stock Units $ 27.87 10/29/2007   D     8,565   (3) 01/30/2017 Common Stock 8,565 (2) 0 D  
Restricted Stock Units $ 26.35 10/29/2007   D     5,332 01/01/2008 05/10/2016 Common Stock 5,332 (2) 0 D  
Restricted Stock Units (4) 10/29/2007   D     1,300 01/24/2009 05/10/2016 Common Stock 1,300 (2) 0 D  
Restricted Stock Units (4) 10/29/2007   D     1,300   (5) 05/10/2016 Common Stock 1,300 (2) 0 D  
Stock Options (right to buy) $ 27.87 10/29/2007   D     4,580   (6) 01/30/2017 Common Stock 4,580 (7) 0 D  
Stock Options (right to buy) $ 26.35 10/29/2007   D     5,020 01/24/2009 05/10/2016 Common Stock 5,020 (7) 0 D  
Stock Options (right to buy) $ 32.07 10/29/2007   D     5,000 05/10/2006 05/10/2015 Common Stock 5,000 (7) 0 D  
Stock Options (right to buy) $ 37.295 10/29/2007   D     10,000 01/25/2006 01/25/2015 Common Stock 10,000 (7) 0 D  
Stock Options (right to buy) $ 45.02 10/29/2007   D     10,000 01/27/2005 01/27/2014 Common Stock 10,000 (7) 0 D  
Phantom Stock Units (8) 10/29/2007   D     352.06 (9)   (8)   (8) Common Stock 352.06 (9) (8) 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LINDSAY RONALD T
55 EAST CAMPERDOWN WAY
GREENVILLE, SC 29601
      EVP-General Counsel&Secretary  

Signatures

 /s/ Ronald T. Lindsay   10/31/2007
**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) These Restricted Stock Units vested upon consummation of the combination of Bowater Incorporated and Abitibi-Consolidated Inc. (the "Combination"), effected on October 29, 2007.
(2) Assumed by AbitibiBowater in the Combination and replaced with restricted stock units representing a contingent right to receive an amount of AbitibiBowater common stock equal to the number of shares of Bowater common stock subject to the Restricted Stock Units multiplied by 0.52. AbitibiBowater had a market value of $36.77 per share on the effective date of the Combination.
(3) These Restricted Stock Units vest in three equal annual installments beginning January 30, 2007.
(4) Each Restricted Stock Unit represents a contingent right to receive one share of Bowater common stock.
(5) These Restricted Stock Units vest January 24, 2009 or in the event of involuntary termination without cause. If Bowater has cumulative positive earnings per share during the three-year period beginning January 1, 2006 and ending December 31, 2008, the total awards will vest. If Bowater has positive earnings per share for any one calendar year during the three-year period, one-third of the respective award will vest for each such year.
(6) These Stock Options vest in three equal annual installments beginning January 30, 2007.
(7) Assumed by AbitibiBowater in the Combination and replaced with stock options to purchase an amount of AbitibiBowater common stock equal to the number of shares of Bowater common stock subject to the Stock Options multiplied by 0.52. The exercise price of the replacement stock options is determined by dividing the existing exercise price by 0.52.
(8) Assumed by AbitibiBowater in the Combination and replaced with phantom stock units that are the economic equivalent of an amount of AbitibiBowater common stock equal to the number of shares of Bowater common stock subject to the Phantom Stock Units multiplied by 0.52. Each Phantom Stock Unit is the economic equivalent of one share of Bowater common stock and becomes payable in cash upon the reporting person's retirement, death, disability, or other termination of employment.
(9) Represents all securities acquired by the reporting person under the Bowater Incorporated Compensatory Benefits Plan as of October 26, 2007. Additional securities may have accrued to the reporting person's account since that date.

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