1. Name and Address of Reporting Person
Pate, James L.
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
12/2002
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/ +-------+-----+-----------+------+----------+ Month | Indirect| Owner- |
| | Year) |Code |V |Amount |A/D |Price | | (I) | ship |
+---------------------------------+----------+-------+-----+-----------+------+----------+----------------+-----------+------------+
Common Stock 1500 D
Common Stock 100 I By Wife
Common Stock 100 I By Trust 1
Common Stock 100 I By Trust 2
Common Stock 12/24/2002 S -100 D $42.0000 0 I By Trust 3
Common Stock 12/24/2002 S -100 D $41.9000 0 I By Trust 4
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) |Code |V |(A) |(D) |cisable |tion Date |Title |Shares |Security |Month |(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 $48.19 05/09/2011 Common 20000 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 Common 4017.76 D
Units Stock
Explanation of Responses:
The reporting person disclaims beneficial ownership of these securities, and
this report shall not be deemed an admission that the reporting person is the
beneficial owner of such securities for purposes of Section 16 or for any other
purpose.
The reporting person is the trustee and has no economic interest in the property
of the trust.
SIGNATURE OF REPORTING PERSON
/s/ William A. McCormick, Attorney-in-Fact for James L. Pate
DATE
12/26/2002