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 *
JASTROW KENNETH M II
  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
3. Date of Earliest Transaction (Month/Day/Year)
02/06/2007
(Street)

AUSTIN, TX 78746
4. If Amendment, Date 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
(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 02/06/2007 02/06/2007 M/K   53,424 (1) A $ 49.79 248,736 (2) D  
Common Stock               8,319 I By Trustee of 401(k) Plan (2)

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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) $ 27.75             02/06/2000(3) 02/06/2008(3) Common Stock 28,000 (3)   28,000 (3) D  
Option (right to buy) $ 32.47             05/01/2000(4) 05/01/2008(4) Common Stock 74,688 (4)   74,688 (4) D  
Option (right to buy) $ 37.64             05/07/2001(5) 05/07/2009(5) Common Stock 96,000 (5)   96,000 (5) D  
Option (right to buy) $ 27.64             02/04/2002(6) 02/04/2010(6) Common Stock 200,000 (6)   200,000 (6) D  
Option (right to buy) $ 25.65             02/02/2002(7) 02/02/2011(7) Common Stock 200,000 (7)   200,000 (7) D  
Option (right to buy) $ 27.66             02/01/2003(8) 02/01/2012(8) Common Stock 100,000 (8)   100,000 (8) D  
Option (right to buy) $ 21.51 (9)             02/07/2004(10) 02/07/2013(10) Common Stock 110,000 (10)   110,000 (10) D  
Phantom Shares $ 49.79 (11) 02/06/2007 02/06/2007 M/K     53,424 (1)   (11)   (11) Common Stock 210,696 (11) $ 0 157,272 (11) D  
Option (right to buy) $ 30.02             02/06/2005(12) 02/06/2014(12) Common Stock 100,000 (12)   100,000 (12) D  
Option (right to buy) $ 37.07             02/04/2006(13) 02/04/2015(13) Common Stock 100,000 (13)   100,000 (13) D  
Option (right to buy) $ 46.2             02/03/2007(14)(15) 02/03/2016(14)(16) Common Stock 102,500 (14)   102,500 (14) D  
Restricted Shares (17)               (17)   (17) Common Stock 52,500 (17)   52,500 (17) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
JASTROW KENNETH M II
1300 SOUTH MOPAC
AUSTIN, TX 78746
  X     Chairman and CEO  

Signatures

 Signed by Leslie K. O'Neal on behalf of Kenneth M. Jastrow, II   02/08/2007
**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) Restricted stock units granted on February 6, 2004 vested effective 02/06/2007. Reporting person deferred receipt of 53,424 shares of phantom restricted stock units pursuant to the Company?s deferred compensation plan. Upon deferral, the restricted stock units were converted to 53,424 shares of restricted stock that become payable upon reporting person?s retirement.
(2) 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.)
(3) Options Vesting Schedule: Options Exercisable 02/06/2000 - 4,200; Options Exercisable 02/06/2001 - 4,200; Options Exercisable 02/06/2002 - 4,200; Options Exercisable 02/06/2003 - 4,200; Options Exercisable 02/06/2004 - 11,200.
(4) Options Vesting Schedule: Options Exercisable 05/01/2000 - 15,000; Options Exercisable 05/01/2001 - 15,000; Options Exercisable 05/01/2002 - 15,000; Options Exercisable 05/01/2003 - 15,000; Options Exercisable 05/01/2004 - 14,688.
(5) Options Vesting Schedule: Options Exercisable 05/07/2001 - 14,400; Options Exercisable 05/07/2002 - 14,400; Options Exercisable 05/07/2003 - 14,400; Options Exercisable 05/07/2004 - 14,400; Options Exercisable 05/07/2005 - 38,400.
(6) Options Vesting Schedule: Options Exercisable 02/04/2002 - 30,000; Options Exercisable 02/04/2003 - 30,000; Options Exercisable 02/04/2004 - 30,000; Options Exercisable 02/04/2005 - 30,000; Options Exercisable 02/04/2006 - 80,000.
(7) Options Vesting Schedule: Options Exercisable 02/02/2002 - 50,000; Options Exercisable 02/02/2003 - 50,000; Options Exercisable 02/02/2004 - 50,000; Options Exercisable 02/02/2005 - 50,000.
(8) Options Vesting Schedule: Options Exercisable 02/01/2003 - 25,000; Options Exercisable 02/01/2004 - 25,000; Options Exercisable 02/01/2005 - 25,000; Options Exercisable 02/01/2006 - 25,000.
(9) Corrected exercise price to $21.51 as it was incorrectly reported on previous filings as $2151.00.
(10) Options Vesting Schedule: Options Exercisable 02/07/2004 - 27,500; Options Exercisable 02/07/2005 - 27,500; Options Exercisable 02/07/2006 - 27,500; Options Exercisable 02/07/2007 - 27,500.
(11) Phantom shares accrued under a Company plan, which includes a dividend reinvestment feature, to be settled upon Reporting Person's retirement. 02/06/2004 - 50,000 restricted stock units vest 100% at the end of 3 years if still employed. 02/06/2004 - 70,000 restricted performance stock units vest 0%, 75%, or 100% at the end of 3 years depending on whether certain performance criteria are met.
(12) Options Vesting Schedule: Options exercisable 02/06/2005 - 25,000; Options Exercisable 02/06/2006 - 25,000; Options Exercisable 02/06/2007 - 25,000; Options Exercisable 02/06/2008 - 25,000.
(13) Options Vesting Schedule: Options exercisable 02/04/2006 - 25,000; Options Exercisable 02/04/2007 - 25,000; Options Exercisable 02/04/2008 - 25,000; Options Exercisable 02/04/2009 - 25,000.
(14) Options Vesting Schedule for Options Granted 02/03/2006: Options Exerciserable 02/03/2007 - 25,625; Options Exerciserable 02/03/2008 - 25,625; Options Exerciserable 02/03/2009 - 25,625; and Options Exerciserable 02/03/2010 - 25,625.
(15) Corrected exercise date to 02/03/2007 as it was incorrectly reported as 02/02/2007 on previous filings.
(16) Corrected expiration date to 02/03/2016 as it was incorrectly reported as 02/03/2010 on previous filings.
(17) 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.

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