1. Name and Address of Reporting Person
Barth, Richard
55 East Camperdown Way
Post Office Box 1028
Greenville, SC 29602-1028
2. Issuer Name and Ticker or Trading Symbol
Bowater Incorporated (BOW)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
2002
5. If Amendment, Date of Original (Month/Day/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner
( ) Officer (give title below) ( ) Other (specify below)
7. 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 |2. Trans- |3. Trans- |4. Securities Acquired (A) |5. Amount of |6. Owner- |7. Nature |
| | action | action | or Disposed of (D) | Securities | ship | of In- |
| | Date | Code | | Beneficially | Form: | direct |
| | | | | Owned at | Direct | Bene- |
| | (Month/ | | | End of | (D) or | ficial |
| | Day/ | +-----------+------+----------+ Year | Indirect| Owner- |
| | Year) | |Amount |A/D |Price | | (I) | ship |
+---------------------------------+----------+-------------+-----------+------+----------+----------------+-----------+------------+
Common Stock 0 D
TABLE II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
+-------------+--------+----------+---------+-----------+---------------------+----------------+----------+--------+-------+-------+
|1. |2. |3. |4. |5. |6. |7. |8. |9. |10. |11. |
| | | | | | | | |Number |Owner- | |
| | | | | | | | |of |ship | |
| | | | | | | | |Deriv- |Form of| |
| | | | | | |Title and Amount| |ative |Deriv- | |
| | | | | | |of Underlying | |Secur- |ative |Nature |
| |Conver- | | |Number of | |Securities | |ities |Secur- |of |
| |sion or | | |Derivative |Date Exercisable +-------+--------+ |Benefi- |ity: |In- |
| |Exercise| | |Securities |and Expiration Date | |Amount | |cially |Direct |direct |
| |Price of|Transac- |Transac- |Acquired(A)|(Month/Day/Year) | |or | |Owned |(D) or |Bene- |
|Title of |Deriv- |tion Date |tion Code|Disposed(D)+----------+----------+ |Number |Price of |at End |In- |ficial |
|Derivative |ative |(Month/ | +-----+-----+Date Exer-|Expira- | |of |Derivative|of |direct |Owner- |
|Security |Security|Day/Year) | |(A) |(D) |cisable |tion Date |Title |Shares |Security |Year |(I) |ship |
+-------------+--------+----------+---------+-----+-----+----------+----------+-------+--------+----------+--------+-------+-------+
Stock Option $40.625 01/27/2009 Common 1500 D
(right to buy) Stock
Stock Option $42.9375 02/26/2007 Common 1000 D
(right to buy) Stock
Stock Option $46.925 01/30/2002 A 2000 01/30/2003 01/30/2012 Common 2000 $0.0000 2000 D
(right to buy) Stock
Stock Option $49.5625 01/28/2008 Common 1000 D
(right to buy) Stock
Stock Option $50.8438 01/26/2010 Common 2000 D
(right to buy) Stock
Stock Option $52.9 01/31/2011 Common 2000 D
(right to buy) Stock
Phantom Stock $0 10/01/2002 A 1110. Common 1110.41 $0.0000 11187.9 D
Units 41 Stock 1
Explanation of Responses:
These options were granted under the Company's 2000 Stock Option Plan. The Plan
sets forth certain earlier expiration dates upon the option holder's termination
of employment or cessation of Board service, as the case may be. In addition,
the exercisability of outstanding options may be accelerated as approved by the
committee administering the Plan, and will be accelerated upon the occurrence of
certain specified "change in control" events, in which case the options will be
automatically purchased by the Company at a defined acceleration price.
One half of the options are exercisable on the noted date and the remaining half
are exercisable one year later unless the exercisability is accelerated by the
committee administering the Plan.
These phantom stock units were allocated under the Deferred Compensaton Plan For
Outside Directors (the "Directors Plan") on various dates during 2002 at prices
ranging from $31.00 to $55.79 per share. The Directors Plan provides for
settlement of the phantom stock units in cash, Company common stock (on a
1-for-1 basis), or a combination of the two following the director's ceasing to
be an outside director of the Company.
SIGNATURE OF REPORTING PERSON
/s/ Richard Barth
DATE
02/10/2003