Sec Form 4 Filing - WEAVER JOHN W @ AbitibiBowater Inc. - 2007-12-31

Insider filing report for Changes in Beneficial Ownership
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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
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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1. Name and Address of Reporting Person
WEAVER JOHN W
2. Issuer Name and Ticker or Trading Symbol
AbitibiBowater Inc. [ ABH]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Executive Chairman
(Last) (First) (Middle)
1155 METCALFE STREET, SUITE 800
3. Date of Earliest Transaction (MM/DD/YY)
12/31/2007
(Street)
MONTREAL, A8H3B 5H2
4. If Amendment, Date Original Filed (MM/DD/YY)
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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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
Common Stock 12/31/2007 M 3,924 A $ 0 57,700.5 D
Common Stock 12/31/2007 D 3,924 D $ 2.14 53,776.5 D
Common Stock 01/30/2009 M 10,800 A $ 0 64,576.5 D
Common Stock 01/30/2009 S 10,800 D $ 0.57 53,776.5 D
Common Stock 7,950 I By wife
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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 $ 0 12/31/2007 M 3,924 ( 3 ) 12/31/2007 ( 2 ) Common Stock 3,924 $ 0 60,054 D
Restricted Stock Units $ 0 01/30/2009 M 10,800 12/31/2008 ( 4 ) Common Stock 10,800 $ 0 49,254 ( 1 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
WEAVER JOHN W
1155 METCALFE STREET
SUITE 800
MONTREAL, A8H3B 5H2
X Executive Chairman
Signatures
/s/ Stephanie Leclaire, Attorney-in-Fact 03/25/2009
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents the total Restricted Stock Units at the date of filing this report.
( 2 )These Restricted Stock Units are settled in cash at the Company's election.
( 3 )Represents 10,463 Performance Restricted Stock Units granted as per the 2005 Abitibi-Consolidated Inc.'s Plan where 3,924 units were earned.
( 4 )Paid in cash

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* 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).

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