Ownership Submission
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 OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
SIMONS DOYLE R
  2. Issuer Name and Ticker or Trading Symbol
TEMPLE INLAND INC [TIN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman and CEO
(Last)
(First)
(Middle)
1300 SOUTH MOPAC, THIRD FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
12/29/2009
(Street)

AUSTIN, TX 78746
4. If Amendment, Date Original Filed(Month/Day/Year)
12/29/2009
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 (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 12/29/2009 12/29/2009 M   10,000 A $ 10.55 96,111 D  
Common Stock               6,463 (1) I By Trustee 401(k) plan

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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 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
Option (right to buy) $ 10.55 (2) 12/29/2009 12/29/2009 M     10,000 02/04/2001(3) 02/04/2010 Common Stock 10,000 $ 0 0 (4) D  
Option (right to buy) $ 9.37 (2)             02/02/2002(5) 02/02/2011 Common Stock 20,000   20,000 D  
Option (right to buy) $ 10.56 (2)             02/01/2003(6) 02/01/2012 Common Stock 20,000   20,000 D  
Option (right to buy) $ 6.92 (2)             02/07/2004(7) 02/07/2013 Common Stock 20,000   20,000 D  
Option (right to buy) $ 11.96 (2)             02/06/2005(8) 02/06/2014 Common Stock 16,000   16,000 D  
Option (right to buy) $ 16.14 (2)             02/04/2006(9) 02/04/2015 Common Stock 32,000   32,000 D  
Option (right to buy) $ 21.55 (2)             02/03/2007(10) 02/03/2016(10) Common Stock 32,800   32,800 D  
Option (right to buy) $ 24.34 (2)             02/02/2008(11) 02/02/2017(11) Common Stock 32,800   32,800 D  
Restricted Stock Units (12)               (12)   (12) Common Stock 0   0 D  
Restricted Stock Units (13)               (13)   (13) Common Stock 35,000   35,000 D  
Restricted Stock Units (14)               (14)   (14) Common Stock 50,000   50,000 D  
Options (right to buy) $ 19.5 (15)             02/01/2009(15) 02/01/2018 Common Stock 265,306   265,306 D  
Restricted Stock Units (16)               (16)   (16) Common Stock 73,471   73,471 D  
Options (right to buy) $ 5.64 (17)             02/06/2010(17) 02/06/2019(17) Common Stock 273,951   273,951 D  
Performance Stock Units (18)               (18)   (18) Common Stock 285,816   285,816 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SIMONS DOYLE R
1300 SOUTH MOPAC
THIRD FLOOR
AUSTIN, TX 78746
  X     Chairman and CEO  

Signatures

 Leslie K. O'Neal signed on behalf of Doyle R. Simons   02/09/2010
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Reporting Person holds shares under a 401(k) plan, and figures are according to the latest report of the Plan Administrator. (Note: Plan Administrator uses unit accounting; therefore, share equivalents may fluctuate slightly.)
(2) The exercise price of these outstanding options were amended from that previously reported in connection with the spin-off announced by the Company effective 12/28/2007, and pursuant to anti-dilution provisions set forth in the option plan and is intended to give the option the same economic value it had before the spin-off.
(3) Options Vesting Schedule: Options Exercisable 02/04/2001 - 2,000; Options Exercisable 02/04/2002 - 2,000; Options Exercisable 02/04/2003 - 2,000; Options Exercisable 02/04/2004 - 2,000; Options Exercisable 02/04/2005 - 2,000.
(4) The remaining amount in Column 9 should have been reported as "0" in the initial 12/29/2009 filing.
(5) Options Vesting Schedule: Options Exercisable 02/02/2002 - 5,000; Options Exercisable 02/02/2003 - 5,000; Options Exercisable 02/02/2004 - 5,000; Options Exercisable 02/02/2005 - 5,000.
(6) Options Vesting Schedule: Options Exercisable 02/01/2003 - 5,000; Options Exercisable 02/01/2004 - 5,000; Options Exercisable 02/01/2005 - 5,000; Options Exercisable 02/01/2006 - 5,000.
(7) Options Vesting Schedule: Options Exercisable 02/07/2004 - 5,000; Options Exercisable 02/07/2005 - 5,000; Options Exercisable 02/07/2006 - 5,000; Options Exercisable 02/07/2007 - 5,000.
(8) Options Vesting Schedule: Options exercisable 02/06/2005 - 4,000; Options Exercisable 02/06/2006 - 4,000; Options Exercisable 02/06/2007 - 4,000; Options Exercisable 02/06/2008 - 4,000.
(9) Options Vesting Schedule: Options exercisable 02/04/2006 - 8,000; Options exercisable 02/04/2007 - 8,000; Options exercisable 02/04/2008 - 8,000; Options exercisable 02/04/2009 - 8,000.
(10) Options Vesting Schedule for Options Granted 02/03/2006: Options Exerciserable 02/03/2007 - 8,200; Options Exerciserable 02/03/2008 - 8,200; Options Exerciserable 02/03/2009 - 8,200; and Options Exerciserable 02/03/2010 - 8,200.
(11) Options Vesting Schedule for Options Granted 02/02/2007: Options Exerciserable 02/02/2008 - 8,200; Options Exerciserable 02/02/2009 - 8,200; Options Exerciserable 02/02/2010 - 8,200; and Options Exerciserable 02/02/2011 - 8,200.
(12) Restricted Stock Units originally settled for cash in February 2009, and were inadvertently left on this sheet as a holding transaction in December 2009.
(13) As disclosed in Form 8-K dated August 9, 2007, restricted stock units ("RSUs") and performance stock units awarded in 2006 and 2007 were cancelled August 9 and new RSUs were issued with 1% ROI performance criteria to reflect the Company?s Transformation Plan. 12,000 Restricted Stock Units granted on February 2, 2007 and 23,000 Performance Stock Units granted on February 2, 2007 (not considered dervative securities)were cancelled for a total of 35,000 cancelled units (12,000 + 23,000= 35,000). 35,000 new Restricted Stock Units were issued on August 9, 2007 and will vest on February 2, 2010. Restricted Stock Units will be settled for cash based on the fair market value on the vesting date subject to a 1% ROI performance criteria.
(14) As disclosed in Form 8-K dated August 9, 2007, restricted stock units ("RSUs") and performance stock units awarded in 2006 and 2007 were cancelled August 9 and new RSUs were issued with 1% ROI performance criteria to reflect the Company?s Transformation Plan. 50,000 Restricted Stock Units granted as a "launch award" on May 4, 2007 were cancelled. 50,000 new Restricted Stock Units were issued on August 9, 2007 and will vest on May 4, 2010. Restricted Stock Units will be settled for cash based on the fair market value on the vesting date subject to a 1% ROI performance criteria.
(15) Granted 02/01/2008 Option Vesting Schedule: Options exercisable 02/01/2009, 66327; Options exercisable 02/01/2010, 66327; Options exercisable 02/01/2011, 66327; Options exercisable 02/01/2012, 66325.
(16) Restricted Stock Units granted on February 1, 2008 will vest effective February 1, 2011 if 1% ROI performance criteria is met. Restricted Stock Units will be settled for cash based on the fair market value on the vesting date.
(17) Options Vesting Schedule for Options Granted 02/06/2009. Options Exerciserable 02/06/2010 - 68487; Options Exerciserable 02/06/2011 - 68488; Options Exerciserable 02/06/2012 - 68488; and Options Exerciserable 02/06/2013 - 68488.
(18) Performance Stock Units granted on February 6, 2009 will vest effective February 6, 2012 if 1% ROI performance criteria is met, or Company is above the 4th Quartile ROI ranking compared to its peer group. Performance Stock Units will be settled for cash based on the fair market value on the vesting date.

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