This paper explains a mechanism of eddy formation in a slow air-water motion, driven by the rotating top disk, in a vertical sealed cylinder. The numerical simulations reveal nine changes in the flow topology as water volume fraction H w varies from 0 to 1. At H w around 0.8, there are two large regions of the clockwise meridional circulation, one in air and one in water. These regions are separated by two small cells of the anticlockwise circulation adjacent to the interface near the sidewall in water and near the axis in air. The air cell is a thin layer and topologically is a bubble-ring for 0.745 < H w < 0.785. Alterations of this flow pattern are explored as (i) pressure increases, (ii) the bottom disk co-rotates and (iii) the top-disk rotation speeds up. This paper provides the physical reasoning behind the flow transformations; the results are of fundamental interest and can be utilized in bioreactors.