What happened
The FAA’s narrative, in sentence case. The FAA writes it in capitals and removes private details.
(-23) Pilot stated he came into dipsite (water pond) with "bambi" bucket on belly hook. He filled bucket on belly hook and had cleared bottom of bucket by about 2 to 5 feet. Aircraft had sudden yaw and engine audio and engine out light activated. Low rotor RPM warning also activated. Full collective pitch was initiated and aircraft settled into water in leve attitude. Aircraft filled with water and rolled on left side in about 6 feet of water.
As the FAA filed it
(-23) PILOT STATED HE CAME INTO DIPSITE (WATER POND) WITH "BAMBI" BUCKET ON BELLY HOOK. HE FILLED BUCKET ON BELLY HOOK AND HAD CLEARED BOTTOM OF BUCKET BY ABOUT 2 TO 5 FEET. AIRCRAFT HAD SUDDEN YAW AND ENGINE AUDIO AND ENGINE OUT LIGHT ACTIVATED. LOW ROTOR RPM WARNING ALSO ACTIVATED. FULL COLLECTIVE PITCH WAS INITIATED AND AIRCRAFT SETTLED INTO WATER IN LEVE ATTITUDE. AIRCRAFT FILLED WITH WATER AND ROLLED ON LEFT SIDE IN ABOUT 6 FEET OF WATER.