X0202 4 2007-11-27 0 0000731939 TEMPLE INLAND INC TIN 0001185934 TURPIN DAVID W 1300 SOUTH MOPAC AUSTIN TX 78746 0 1 0 0 Treasurer Common Stock 2007-11-27 2007-11-27 4 M 0 6000 27.75 A 19244 D Common Stock 2007-11-27 2007-11-27 4 M 0 1897 27.75 A 21141 D Common Stock 2007-11-27 2007-11-27 4 F 0 5243 41.51 D 15898 D Common Stock 5695 I By Trustee of 401(k) Plan Common Stock 400 I In IRA Account Option (right to buy) 27.75 2007-11-27 2007-11-27 4 M 0 6000 0.00 D 1999-02-06 2008-02-06 Common Stock 6000 0 D Option (right to buy) 27.75 2007-11-27 2007-11-27 4 M 0 1897 0.00 D 2003-02-06 2008-02-06 Common Stock 8000 6103 D Option (right to buy) 29.63 2000-02-05 2009-02-05 Common Stock 6000 6000 D Option (right to buy) 27.64 2001-02-04 2010-02-04 Common Stock 10000 10000 D Option (right to buy) 25.65 2005-02-02 2011-02-02 Common Stock 5000 5000 D Option (right to buy) 27.66 2003-02-01 2012-02-01 Common Stock 20000 20000 D Option (right to buy) 21.51 2004-02-07 2013-02-07 Common Stock 12000 12000 D Option (right to buy) 30.02 2005-02-06 2014-02-06 Common Stock 6000 6000 D Option (right to buy) 37.07 2006-02-04 2015-02-04 Common Stock 6000 6000 D Option (right to buy) 46.20 2007-02-03 2016-02-03 Common Stock 6150 6150 D Option (right to buy) 50.90 2008-02-02 2017-02-02 Common Stock 6150 6150 D Restricted Stock Units Common Stock 8150 8150 D Restricted Stock Units Common Stock 8500 8500 D In accordance with the Shareholder Rights Plan adopted by the Company on February 9, 1999, Preferred Stock Purchase Rights are deemed to be attached to the shares of Common Stock. Reporting Person acquired additional shares through on-going acquisitions under 401(k) plan. By trustee of the Temple-Inland Salaried Savings Plan according to the latest report of the Plan Administrator. (Note: Trustee uses unit accounting; therefore, share equivalents may fluctuate slightly from month to month.) Options Vesting Schedule for Options Granted 02/06/1998 at an exercise price of $27.75: Options Exerciserable 02/06/1999 - 1,200; Options Exerciserable 02/06/2000 - 1,200; Options Exerciserable 02/06/2001 - 1,200; Options Exerciserable 02/06/2002 - 1,200 and Options Exerciserable 02/06/2003 - 1,200. Corrected expiration date to 02/08/2008, as it was incorrectly reported on previous Forms 4. Options Vesting Schedule for Options Granted 02/05/1999 at an exercise price of $29.63: Options Exercisable 02/05/2000 - 1,200; Options Exercisable 02/05/2001 - 1,200; Options Exercisable 02/05/2002 - 1,200; Options Exercisable 02/05/2003 - 1,200; Options Exercisable 02/05/2004 - 1,200. Options Vesting Schedule for Options Granted 02/04/2000 at an exercise price of $27.64: 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. Options Vesting Schedule for Options Granted 02/02/2001 at an exercise price of $25.65: Options exercisable 02/02/2005 - 5,000. Options Vesting Schedule for Options Granted 02/01/2002 at an exercise price of $27.66: 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. Options Vesting Schedule for Options Granted 02/07/2003 at an exercise price of $21.51: Options Exercisable 02/07/2004 - 3,000; Options Exercisable 02/07/2005 - 3,000; Options Exercisable 02/07/2006 - 3,000; Options Exercisable 02/07/2007 - 3,000. Options Vesting Schedule for Options Granted 02/06/2004 at an exercise price of $30.02: Options Exercisable 02/06/2005 - 1,500; Options Exercisable 02/06/2006 - 1,500; Options Exercisable 02/06/2007 - 1,500; Options Exercisable 02/06/2008 - 1,500. Option Vesting Schedule for Options Granted 02/04/2005 at an exercise price of $37.07: Options exercisable 02/04/2006 - 1,500; Options exercisable 02/04/2007 - 1,500; Options exercisable 02/04/2008 - 1,500; Options exercisable 02/04/2009 - 1,500. Options Vesting Schedule for Options Granted 02/03/2006 at an exercise price of $46.20: Options Exerciserable 02/03/2007 - 1,537; Options Exerciserable 02/03/2008 - 1,538; Options Exerciserable 02/03/2009 - 1,537; and Options Exerciserable 02/03/2010 - 1,538. Options Vesting Schedule for Options Granted 02/02/2007 at an exercise price of $50.90: Options Exerciserable 02/02/2008 - 1,537; Options Exerciserable 02/02/2009 - 1,538; Options Exerciserable 02/02/2010 - 1,537; and Options Exerciserable 02/02/2011 - 1,538. 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. 3,150 Restricted Stock Units granted on February 3, 2006 and 5,000 Performance Stock Units granted on February 3, 2006 (not considered derivative securities) were cancelled for a total of 8,150 cancelled units (3,150 + 5,000 = 8,150). 8,150 new Restricted Stock Units were issued on August 9, 2007 and will vest on February 3, 2009. 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. 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. 2,750 Restricted Stock Units granted on February 2, 2007 and 5,750 Performance Stock Units granted on February 2, 2007 (not considered derivative securities) were cancelled for a total of 8,500 cancelled units (2,750 + 5,750 = 8,500). 8,500 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. Leslie K. O'Neal signed on behalf of David W. Turpin 2007-11-28