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
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 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*
DUBUQUE KENNETH R
(Last) (First) (Middle)
1300 SOUTH MOPAC
(Street)
AUSTIN TX 78746
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TEMPLE INLAND INC [ TIN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Group VP, Financial Services
3. Date of Earliest Transaction (Month/Day/Year)
03/02/2006
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
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 03/02/2006 03/02/2006 M 29,000 A $25.85 61,000 D
Common Stock 03/02/2006 03/02/2006 M 48,000 A $27.66 109,000 D
Common Stock 03/02/2006 03/02/2006 M 24,000 A $21.51 133,000 D
Common Stock 03/02/2006 03/02/2006 S 500 D $43 132,500 D
Common Stock 03/02/2006 03/02/2006 S 500 D $43.06 132,000 D
Common Stock 03/02/2006 03/02/2006 S 4,800 D $43 127,200 D
Common Stock 03/02/2006 03/02/2006 S 600 D $43.01 126,600 D
Common Stock 03/02/2006 03/02/2006 S 1,300 D $43.03 125,300 D
Common Stock 03/02/2006 03/02/2006 S 800 D $43.1 124,500 D
Common Stock 03/02/2006 03/02/2006 S 500 D $43.04 124,000 D
Common Stock 03/02/2006 03/02/2006 S 800 D $43.09 123,200 D
Common Stock 03/02/2006 03/02/2006 S 500 D $43.04 122,700 D
Common Stock 03/02/2006 03/02/2006 S 400 D $43.06 122,300 D
Common Stock 03/02/2006 03/02/2006 S 500 D $43.03 121,800 D
Common Stock 03/02/2006 03/02/2006 S 100 D $43.05 121,700 D
Common Stock 03/02/2006 03/02/2006 S 300 D $43.05 121,400 D
Common Stock 03/02/2006 03/02/2006 S 300 D $43 121,100 D
Common Stock 03/02/2006 03/02/2006 S 1,000 D $43.04 120,100 D
Common Stock 03/02/2006 03/02/2006 S 300 D $43.05 119,800 D
Common Stock 03/02/2006 03/02/2006 S 600 D $43.09 119,200 D
Common Stock 03/02/2006 03/02/2006 S 1,400 D $43.04 117,800 D
Common Stock 03/02/2006 03/02/2006 S 300 D $43.05 117,500 D
Common Stock 03/02/2006 03/02/2006 S 100 D $43.05 117,400 D
Common Stock 03/02/2006 03/02/2006 S 600 D $43.06 116,800 D
Common Stock 03/02/2006 03/02/2006 S 500 D $43.02 116,300 D
Common Stock 03/02/2006 03/02/2006 S 1,000 D $43.07 115,300 D
Common Stock 03/02/2006 03/02/2006 S 400 D $43.01 114,900 D
Common Stock 03/02/2006 03/02/2006 S 200 D $43.04 114,700 D
Common Stock 03/02/2006 03/02/2006 S 1,000 D $43.02 113,700 D
Common Stock 03/02/2006 03/02/2006 S 4,800 D $43.06 108,900 D
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
Option (right to buy) $25.65 03/02/2006 03/02/2006 M 29,000 02/02/2002(1) 02/02/2011(1) Common Stock 29,000(1) $0.00 0(1) D
Option (right to buy) $27.66 03/02/2006 03/02/2006 M 48,000 02/01/2003(2) 02/01/2012(2) Common Stock 48,000(2) $0.00 0(2) D
Option (right to buy) $21.51 03/02/2006 03/02/2006 M 24,000 02/07/2004(3) 02/07/2013(3) Common Stock 32,000(3) $0.00 8,000(3) D
Phantom Shares (4) (4) (4) Common Stock 145,185(4) 148,185(4) D
Option (right to buy) $30.02 02/06/2005(5) 02/06/2014(5) Common Stock 24,000(5) 24,000(5) D
Option (right to buy) $37.07 02/04/2006(6) 02/04/2015(6) Common Stock 24,000(6) 24,000(6) D
Option (right to buy) $46.2 02/03/2007(7) 02/03/2016(7) Common Stock 24,600(7) 24,600(7) D
Restricted Shares (8) (8) (8) Common Stock 10,500(8) 10,500(8) D
Explanation of Responses:
1. Options Vesting Schedule: Options Exercisable 02/02/2002 - 12,000; Options Exercisable 02/02/2003 - 12,000; Options Exercisable 02/02/2004 - 12,000; Options Exercisable 02/02/2005 - 12,000.
2. Options Vesting Schedule: Options Exercisable 02/01/2003 - 12,000; Options Exercisable 02/01/2004 - 12,000; Options Exercisable 02/01/2005 - 12,000; Options Exercisable 02/01/2006 - 12,000.
3. Options Vesting Schedule: Options Exercisable 02/07/2004 - 8,000; Options Exercisable 02/07/2005 - 8,000; Options Exercisable 02/07/2006 - 8,000; Options Exercisable 02/07/2007 - 8,000.
4. Phantom shares accrued under the fee deferral plan, which includes a dividend reinvestment feature, to be settled upon the reporting person's retirement. Phantom shares accrued under a Company plan, which includes a dividend reinvestment feature, to be settled upon Reporting Person's retirement. 02/06/2004 - 10,000 restricted stock units vest 100% at the end of 3 years if still employed. 02/06/2004 - 10,000 restricted performance stock units vest 0%, 75%, or 100% at the end of 3 years depending on whether certain performance criteria are met.
5. Options Vesting Schedule: Options exercisable 02/06/2005 - 6,000; Options Exercisable 02/06/2006 - 6,000; Options Exercisable 02/06/2007 - 6,000; Options Exercisable 02/06/2008 - 6,000.
6. Options Vesting Schedule: Options exercisable 02/04/2006 - 6,000; Options Exercisable 02/04/2007 - 6,000; Options Exercisable 02/04/2008 - 6,000; Options Exercisable 02/04/2009 - 6,000.
7. Options Vesting Schedule for Options Granted 02/03/2006: Options Exerciserable 02/03/2007 - 6,150; Options Exerciserable 02/03/2008 - 6,150; Options Exerciserable 02/03/2009 - 6,150; and Options Exerciserable 02/03/2010 - 6,150.
8. Restricted Shares granted on February 3, 2006 will vest effective February 3, 2009. Restricted Shares will be settled for cash based on the fair market value on the vesting date.
Remarks:
Form 4 #1 of 4
Signed by Leslie K. O'Neal on behalf of Kenneth R. Dubuque 03/02/2006
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.