Signal Temporal Logic (STL) is an expressive formal language for specifying spatio-temporal requirements over real-valued, real-time signals. It has been widely used for the verification and synthesis of autonomous systems and cyber-physical systems. In practice, however, users often express their requirements in natural language rather than in structured STL formulas, making natural-language-to-STL translation a critical yet challenging task. Manual specification requires temporal-logic expertise and cannot scale, while prompting commercial LLM APIs incurs substantial token costs and may expose sensitive system requirements to third-party services, raising privacy concerns for industrial deployment. To address these challenges, we present \textsc{ReasonSTL}, a tool-augmented framework that adapts local open-source language models for natural-language-to-STL generation. \textsc{ReasonSTL} decomposes the translation process into explicit reasoning, deterministic tool calls, and structured formula construction. We further introduce process-rewarded training to supervise both tool-use trajectories and final formulas, together with \textsc{STL-Bench}, a bilingual, computation-aware benchmark grounded in real-world signals. Experiments show that a 4B model trained with \textsc{ReasonSTL} achieves state-of-the-art performance in both automatic metrics and human evaluations, demonstrating that \textsc{ReasonSTL} provides a transparent, low-cost, and privacy-preserving alternative for formal specification drafting.