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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1. Name and Address of Reporting Person * NEWHAGEN PAUL   2. Issuer Name and Ticker or Trading Symbol ALTERA CORP [ALTR] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 101 INNOVATION DRIVE 3. Date of Earliest Transaction (Month/Day/Year) 04/30/2007 (Street) SAN JOSE, CA 95134 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 04/30/2007   M   10,000 A $ 20.73 1,973,955 D   Common Stock 04/30/2007   S   10,000 D $ 23.0307 1,963,955 D   Common Stock 04/30/2007   M   9,167 A $ 21.07 1,973,122 D   Common Stock 04/30/2007   S   9,167 D $ 23.0307 1,963,955 D   Common Stock 04/30/2007   M   20,000 A $ 10.3282 1,983,955 D   Common Stock 04/30/2007   S   20,000 D $ 23.0307 1,963,955 D   Common Stock 04/30/2007   M   10,000 A $ 17.3438 1,973,955 D   Common Stock 04/30/2007   S   10,000 D $ 23.0307 1,963,955 D   Common Stock               400 I by Daughter Common Stock               400 I by Spouse

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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

Non-Qualified Stock Option (right to buy)

$ 10.3282

04/30/2007

M

20,000

06/30/2001(1)

05/13/2008

Common Stock

20,000

$ 23.0307

0

D

Non-Qualified Stock Option (right to buy)

$ 17.3438

04/30/2007

M

10,000 (1)

06/30/2002

05/26/2009

Common Stock

10,000

$ 23.0307

0

D

Non-Qualified Stock Option (right to buy)

$ 20.73

04/30/2007

M

10,000

06/01/2005(2)

05/10/2015

Common Stock

10,000

$ 23.0307

0

D

Non-Qualified Stock Option (right to buy)

$ 21.07

04/30/2007

M

9,167

06/01/2006

05/09/2016

Common Stock

9,167

$ 23.0307

833

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
NEWHAGEN PAUL 101 INNOVATION DRIVE SAN JOSE, CA 95134	X

Signatures

/s/ Paul Newhagen		05/01/2007
**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)	Exercisable cumulatively with respect to 8.34% of the shares monthly upon the completion of each month from May 31, 2002.
(2)	Exercisable cumulatively with respect to 8.333% on the first day of the month following the date of grant and then 8.33% on the first day of each month thereafter, provided that the Optionee continues to serve as a Director on such dates.

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