SEC FORM 4

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^*

SWEENY JACK C

(Last)

(First)

(Middle)

1300 SOUTH MOPAC

(Street)

AUSTIN

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, Forest Products

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2005

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/15/2005	06/15/2005	M		7,140	A	$28.03	70,166⁽¹⁾⁽²⁾	D
Common Stock	06/15/2005	06/15/2005	F		5,861	D	$37.06	64,305⁽¹⁾⁽²⁾	D
Common Stock								10,989⁽²⁾⁽³⁾	I	By Trustee, 401(k) plan⁽³⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Option (right to buy)	$28.03	06/15/2005	06/15/2005	M			7,140	02/07/1999⁽⁴⁾	02/07/2007⁽⁴⁾	Common Stock	7,140⁽⁴⁾	$0.00	0⁽²⁾⁽⁴⁾	D
Option (right to buy)	$27.75							02/06/2000⁽⁵⁾	02/06/2008⁽⁵⁾	Common Stock	20,000⁽⁵⁾		20,000⁽²⁾⁽⁵⁾	D
Option (right to buy)	$29.63							02/05/2001⁽⁶⁾	02/05/2009⁽⁶⁾	Common Stock	25,000⁽⁶⁾		25,000⁽²⁾⁽⁶⁾	D
Option (right to buy)	$27.64							02/04/2002⁽⁷⁾	02/04/2010⁽⁷⁾	Common Stock	36,000⁽⁷⁾		36,000⁽²⁾⁽⁷⁾	D
Option (right to buy)	$25.65							02/02/2002⁽⁸⁾	02/02/2011⁽⁸⁾	Common Stock	30,000⁽⁸⁾		30,000⁽²⁾⁽⁸⁾	D
Option (right to buy)	$27.66							02/01/2003⁽⁹⁾	02/01/2012⁽⁹⁾	Common Stock	40,000⁽⁹⁾		40,000⁽²⁾⁽⁹⁾	D
Option (right to buy)	$21.51							02/07/2004⁽¹⁰⁾	02/07/2013⁽¹⁰⁾	Common Stock	20,000⁽¹⁰⁾		20,000⁽²⁾⁽¹⁰⁾	D
Option (right to buy)	$30.02							02/06/2005⁽¹¹⁾	02/06/2014⁽¹¹⁾	Common Stock	18,000⁽¹¹⁾		18,000⁽²⁾⁽¹¹⁾	D
Phantom Stock	$37.06⁽¹²⁾	06/15/2005	06/15/2005	F			2	⁽¹²⁾	⁽¹²⁾	Common Stock	16,792⁽¹²⁾	$0.00	16,792⁽²⁾⁽¹²⁾	D
Option (right to buy)	$37.07							02/04/2006⁽¹³⁾	02/04/2015⁽¹³⁾	Common Stock	24,000⁽¹³⁾		24,000⁽²⁾⁽¹³⁾	D

Explanation of Responses:

1. 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.

2. All amounts have been adjusted to reflect a 2-for-1 stock split on April 1, 2005.

3. 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 dated May 31, 2005. (Note: Trustee uses unit accounting; therefore, share equivalents may fluctuate slightly from month to month.)

4. Options Vesting Schedule: Options Exercisable 02/07/2002 - 1,428; Options Exercisable 02/07/2003 - 5,712.

5. Options Vesting Schedule: Options Exercisable 02/06/2000 - 3,000; Options Exercisable 02/06/2001 - 3,000; Options Exercisable 02/06/2002 - 3,000; Options Exercisable 02/06/2003 - 3,000; Options Exercisable 02/06/2004 - 8,000.

6. Options Vesting Schedule: Options Exercisable 02/05/2001 - 3,750; Options Exercisable 02/05/2002 - 3,750; Options Exercisable 02/05/2003 - 3,750; Options Exercisable 02/05/2004 - 3,750; Options Exercisable 02/05/2005 - 10,000.

7. Options Vesting Schedule: Options Exercisable 02/04/2002 - 5,400; Options Exercisable 02/04/2003 - 5,400; Options Exercisable 02/04/2004 - 5,400; Options Exercisable 02/04/2005 - 5,400; Options Exercisable 02/04/2006 - 14,400.

8. Options Vesting Schedule: Options Exercisable 02/02/2002 - 7,500; Options Exercisable 02/02/2003 - 7,500; Options Exercisable 02/02/2004 - 7,500; Options Exercisable 02/02/2005 - 7,500.

9. Options Vesting Schedule: Options Exercisable 02/01/2003 - 10,000; Options Exercisable 02/01/2004 - 10,000; Options Exercisable 02/01/2005 - 10,000; Options Exercisable 02/01/2006 - 10,000.

10. 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.

11. Options Vesting Schedule: Options exercisable 02/06/2005 - 4,500; Options Exercisable 02/06/2006 - 4,500; Options Exercisable 02/06/2007 - 4,500; Options Exercisable 02/06/2008 - 4,500.

12. Phantom shares accrued under a Company plan, which includes a dividend reinvestment feature, to be settled upon Reporting Person's retirement. 02/06/2004 - 8,000 restricted stock units vest 100% at the end of 3 years if still employed. 02/06/2004 - 8,000 restricted performance stock units vest 0%, 75%, or 100% at the end of 3 years depending on whether certain performance criteria are met.

13. Option 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.

Remarks:

	Leslie K. O'Neal Signed on Behalf of Jack C. Sweeny	06/16/2005
	** 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).
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