SEC Form 4

FORM 4		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 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* FAIRFAX FINANCIAL HOLDINGS LTD/ CAN (Last) (First) (Middle) 95 WELLINGTON STREET WEST SUITE 800 (Street) TORONTO, ONTARIO A6 M5J 2N7 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol AbitibiBowater Inc. [ ABH ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 12/22/2010
	4. If Amendment, Date of Original Filed (Month/Day/Year) 12/27/2010	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

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
Common Stock, $0.001 par value (?Common Shares?)	12/22/2010		J(1)		11,636,690	A	(1)	11,636,690	I	See footnote(2)
Common Shares	12/22/2010		P		25,000	A	$20.75	11,661,690	I	See footnote(2)
Common Shares	12/22/2010		P		6,000	A	$20.5	11,667,690	I	See footnote(2)
Common Shares	12/22/2010		P		400,000	A	$21.95	12,067,690	I	See footnote(2)
Common Shares	12/22/2010		P		250,000	A	$22.25	12,317,690	I	See footnote(2)
Common Shares	12/22/2010		P		100,000	A	$21.91	12,417,690	I	See footnote(2)
Common Shares	12/22/2010		P		50,000	A	$21.75	12,467,690	I	See footnote(2)
Common Shares	12/22/2010		P		50,000	A	$21.6	12,517,690	I	See footnote(2)
Common Shares	12/22/2010		P		25,900	A	$21.7	12,543,590	I	See footnote(2)
Common Shares	12/23/2010		P		515,000	A	$22	13,058,590	I	See footnote(2)
Common Shares	12/23/2010		P		125,000	A	$22	13,183,590	I	See footnote(2)

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 Securities Underlying Derivative Security (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: 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
8.0% Convertible Notes due 2013 (?Notes?)	(3)	12/22/2010		J(1)			$368,861,110(5)	10/15/2008	(4)	Common Stock, $1.00 par value (?Old Common Shares?)	36,886,111	(1)	0	I	See footnote(1)

1. Name and Address of Reporting Person* FAIRFAX FINANCIAL HOLDINGS LTD/ CAN (Last) (First) (Middle) 95 WELLINGTON STREET WEST SUITE 800 (Street) TORONTO, ONTARIO A6 M5J 2N7 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* WATSA V PREM ET AL (Last) (First) (Middle) 95 WELLINGTON STREET WEST SUITE 800 (Street) TORONTO, ONTARIO A6 M5J 2N7 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* 1109519 ONTARIO LTD (Last) (First) (Middle) 95 WELLINGTON STREET WEST SUITE 800 (Street) TORONTO, ONTARIO A6 M5J 2N7 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* SIXTY TWO INVESTMENT CO LTD (Last) (First) (Middle) 1600 CATHEDRAL PLACE 925 WEST GEORGIA ST. (Street) VANCOUVER, BC A1 V6C 3L3 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* 810679 ONTARIO LTD (Last) (First) (Middle) 95 WELLINGTON STREET WEST SUITE 800 (Street) TORONTO, ONTARIO A6 M5J 2N7 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* TIG INSURANCE CO (Last) (First) (Middle) 250 COMMERCIAL STREET SUITE 5000 (Street) MANCHESTER NH 03101 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* NORTH RIVER INSURANCE CO (Last) (First) (Middle) 305 MADISON AVENUE (Street) MORRISTOWN NJ 07962 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* ODYSSEY AMERICA REINSURANCE CORP (Last) (First) (Middle) 300 FIRST STAMFORD PLACE (Street) STAMFORD CT 06902 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* UNITED STATES FIRE INSURANCE CO (Last) (First) (Middle) 305 MADISON AVENUE (Street) MORRISTOWN NJ 07962 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Zenith Insurance Co (Last) (First) (Middle) 21255 CALIFA STREET (Street) WOODLAND HILLS CA 91367-5021 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. In connection with the emergence from bankruptcy and reorganization of AbitibiBowater Inc. and certain of its affiliates, pursuant to the Second Amended Joint Plan of Reorganization under Chapter 11 of the Bankruptcy Code, dated as of November 23, 2010, among AbitibiBowater and certain of its affiliates and the debtors named therein (the "Plan"), (1) the reporting persons named herein received, in partial consideration of their claims arising from their ownership of certain debt securities of AbitibiBowater Inc. and its affiliates, including the Notes, 11,636,690 Common Shares in the aggregate and (2) all of the outstanding Notes were canceled pursuant to the Plan for no cash consideration, in each case, in a transaction exempt pursuant to Rule 16b-7 under the Securities Exchange Act of 1934, as amended.

2. Following the transactions reported herein, 4,913,083 Common Shares are held by Fairfax Financial Holdings Limited, 3,667,423 Common Shares are held by Odyssey America Reinsurance Corporation, 1,265,588 Common Shares are held by The North River Insurance Company, 1,269,625 Common Shares are held by TIG Insurance Company, 539,984 Common Shares are held by Lombard General Insurance Company of Canada, 295,304 Common Shares are held by Commonwealth Insurance Company, 465,682 Common Shares are held by Markel Insurance Company of Canada, 104,622 Common Shares are held by Federated Insurance Company of Canada, 84,373 Common Shares are held by Lombard Insurance Company, 252,400 Common Shares are held by United States Fire Insurance Company, and 325,506 Common Shares are held by Zenith Insurance Company.

3. The Notes were convertible into Old Common Shares based on an initial conversion rate of 100 Old Common Shares per $1,000 principal amount of Notes (equivalent to an initial conversion price of $10.00 per Old Common Share), subject to adjustment under certain circumstances.

4. The Notes were convertible into Old Common Shares at the option of the holder thereof at any time prior to the close of business on the business day immediately preceding 04/15/2013, which was the maturity date of the Notes.

5. Aggregate principal amount of Notes.

	/s/ V. Prem Watsa, Chairman and Chief Executive Officer	01/14/2011
	/s/ V. Prem Watsa	01/14/2011
	/s/ V. Prem Watsa, President	01/14/2011
	/s/ V. Prem Watsa, President	01/14/2011
	/s/ V. Prem Watsa, President	01/14/2011
	/s/ John J. Bator, Chief Financial Officer and Senior Vice President	01/14/2011
	/s/ Paul Bassaline, Vice President Finance and Assistant Controller	01/14/2011
	/s/ Kirk M. Reische, Vice President	01/14/2011
	/s/ Paul Bassaline, Vice President Finance and Assistant Controller	01/14/2011
	/s/ Michael Jansen, Executive Vice President and General Counsel	01/14/2011
	** Signature of Reporting Person	Date
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