What happened
The FAA’s narrative, in sentence case. The FAA writes it in capitals and removes private details.
(-23) The instructor pilot and his student were returning to base after an aerobatic instructional flight. The pitts S2C experienced a sudden loss of power beyond gliding distance to the airport. The CFI decided that a water landing would be the best option considering their circumstance. The aircraft landed and sunk in 15 feet of water and was later recovered, the occupants swam to a nearby boat and were uninjured.
As the FAA filed it
(-23) THE INSTRUCTOR PILOT AND HIS STUDENT WERE RETURNING TO BASE AFTER AN AEROBATIC INSTRUCTIONAL FLIGHT. THE PITTS S2C EXPERIENCED A SUDDEN LOSS OF POWER BEYOND GLIDING DISTANCE TO THE AIRPORT. THE CFI DECIDED THAT A WATER LANDING WOULD BE THE BEST OPTION CONSIDERING THEIR CIRCUMSTANCE. THE AIRCRAFT LANDED AND SUNK IN 15 FEET OF WATER AND WAS LATER RECOVERED, THE OCCUPANTS SWAM TO A NEARBY BOAT AND WERE UNINJURED.