X0303 4 2010-04-26 0 0000731939 TEMPLE INLAND INC TIN 0001185917 O NEAL LESLIE K 1300 SOUTH MOPAC THIRD FLOOR AUSTIN TX 78746 0 1 0 0 VP, Secretary, & AsstGenCnsl Common Stock 2010-04-26 2010-04-26 4 M 0 6000 16.14 A 56536 D Common Stock 2010-04-26 2010-04-26 4 F 0 4532 24.19 D 52004 D Common Stock 6845 I By Trustee of 401(k) Plan Common Stock 5045 I By Trustee of 401(k) Plan Option (right to buy) 16.14 2010-04-26 2010-04-26 4 M 0 6000 0.00 D 2006-02-04 2015-02-04 Common Stock 6000 0 D Option (right to buy) 21.55 2007-02-03 2016-02-03 Common Stock 6150 6150 D Option (right to buy) 24.34 2008-02-02 2017-02-02 Common Stock 10000 10000 D Option (Right to buy) 19.50 2009-02-01 2018-02-01 Common Stock 54170 54170 D Restricted Stock Unit Common Stock 18909 18909 D Option (Right to buy) 5.64 2010-02-06 2019-02-06 Common Stock 60608 60608 D Performance Stock Units Common Stock 63233 63233 D Option (Right to buy) 16.71 2011-02-05 2020-02-05 Common Stock 16943 16943 D Performance Stock Units Common Stock 11856 11856 D 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.) 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. Options Vesting Schedule for Options Granted 02/03/2006: Options Exerciserable 02/03/2007 - 1,537; Options Exerciserable 02/03/2008 - 1,537; Options Exerciserable 02/03/2009 - 1,537; and Options Exerciserable 02/03/2010 - 1,539. Options Vesting Schedule for Options Granted 02/02/2007: Options Exerciserable 02/02/2008 - 2,500; Options Exerciserable 02/02/2009 - 2,500; Options Exerciserable 02/02/2010 - 2,500; and Options Exerciserable 02/02/2011 - 2,500. Granted 02/01/2008 Option Vesting Schedule: Options exercisable 02/01/2009, 13542; Options exercisable 02/01/2010, 13543; Options exercisable 02/01/2011, 13542; Options exercisable 02/01/2012, 13543. 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. Options Vesting Schedule for Options Granted 02/06/2009. Options Exerciserable 02/06/2010 - 15,152; Options Exerciserable 02/06/2011 - 15,152; Options Exerciserable 02/06/2012 - 15,152; and Options Exerciserable 02/06/2013 - 15,152. Performance Stock Units granted on February 6, 2009 will vest effective February 6, 2012 if 1% ROI performance criteria is met. Performance Stock Units will be settled for cash based on the fair market value on the vesting date. Options Vesting Schedule for Options Granted 02/05/2010. Options Exercisable 02/05/2011 - 4,235; Options Exercisable 02/05/2012 - 4,236; Options Exercisable 02/05/2013 - 4,236; and Options Exercisable 02/06/2014 - 4,236. Performance Stock Units granted on February 5, 2010 will vest 100% effective February 5, 2013 if the Company's average ROI falls within the first quartile ROI ranking compared to its peer group, 75% if in the second quartile, zero if in the bottom half. Performance Stock Units will be settled for cash based on the fair market value on the vesting date. Signed by Leslie K. O'Neal 2010-04-27