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 *
BIRAN DAN
  2. Issuer Name and Ticker or Trading Symbol
ALTERA CORP [ALTR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr VP, Marketing and Tech Svcs
(Last)
(First)
(Middle)
101 INNOVATION DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
07/31/2011
(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 07/31/2011   M   11,375 A $ 0 20,616 D  
Common Stock 07/31/2011   M   4,875 A $ 0 25,491 D  
Common Stock 07/31/2011   M   10,000 A $ 0 35,491 D  
Common Stock 07/31/2011(1)   F   1,789 (2) D $ 40.88 33,702 D  
Common Stock 07/31/2011(1)   F   5,267 (2) D $ 40.88 28,435 D  
Common Stock 07/31/2011(3)   F   3,668 (2) D $ 40.88 24,767 D  
Common Stock 08/01/2011   S(4)   15,526 (5) D $ 40.9737 9,241 D  

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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
Performance Restricted Stock Unit (2) 07/31/2011   M     11,375 07/31/2011(1)   (6) Common Stock 11,375 $ 0 34,125 D  
Restricted Stock Unit (RSU) (2) 07/31/2011   M     4,875 07/31/2011(1)   (6) Common Stock 4,875 $ 0 38,125 D  
Restricted Stock Unit (RSU) (2) 07/31/2011   M     10,000 07/31/2011(3)   (6) Common Stock 10,000 $ 0 28,125 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BIRAN DAN
101 INNOVATION DRIVE
SAN JOSE, CA 95134
      Sr VP, Marketing and Tech Svcs  

Signatures

 DANNY BIRAN   08/02/2011
**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) 25% of the restricted stock unit granted on February 19, 2010 became vested on July 31, 2011 and shares were delivered to reporting person on that date.
(2) Each Restricted Stock Unit represents a contingent right to receive one share of Altera Common Stock at no cost.
(3) 25% of the restricted stock unit granted on March 16, 2009 became vested on July 31, 2011 and shares were delivered to reporting person on that date.
(4) The sale was made pursuant to a Rule 10b5-1 Sales Plan adopted by the reporting person on January 28, 2011.
(5) The 15,526 shares sold on 8/1/2011 to cover the taxes on his 7/31/2011 RSU vest included 11 lots ranging from 100 shares to 3,100 shares per lot at sale prices ranging from $40.94 to $41.03 per share.
(6) Ten years from the date of grant.

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