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 *
DAANE JOHN
   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
__X__ Officer (give title below) _____ Other (specify below)
President and CEO
(Last)
(First)
(Middle)
101 INNOVATION DRIVE		 3. Date of Earliest Transaction (Month/Day/Year)
07/31/2012
(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 07/31/2012   M   18,750 A $ 0 289,686 D  
Common Stock 07/31/2012   M   24,500 A $ 0 314,186 D  
Common Stock 07/31/2012   M   13,125 A $ 0 327,311 D  
Common Stock 07/31/2012   M   43,750 A $ 0 371,061 D  
Common Stock 07/31/2012   M   30,625 A $ 0 401,686 D  
Common Stock 07/31/2012   F   8,753 (1) D $ 35.45 392,933 D  
Common Stock 07/31/2012   F   11,437 (1) D $ 35.45 381,496 D  
Common Stock 07/31/2012   F   6,127 (1) D $ 35.45 375,369 D  
Common Stock 07/31/2012   F   20,423 (1) D $ 35.45 354,946 D  
Common Stock 07/31/2012   F   14,296 (1) D $ 35.45 340,650 D  
Common Stock               270,000 I by Trust

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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) 07/31/2012   M     43,750   (3)   (4) Common Stock 43,750 $ 0 135,625 D  
Performance Restricted Stock Unit (2) 07/31/2012   M     30,625   (5)   (4) Common Stock 30,625 $ 0 105,000 D  
Restricted Stock Unit (RSU) (2) 07/31/2012   M     18,750   (6)   (4) Common Stock 18,750 $ 0 457,625 D  
Restricted Stock Unit (RSU) (2) 07/31/2012   M     24,500   (7)   (4) Common Stock 24,500 $ 0 433,125 D  
Restricted Stock Unit (RSU) (2) 07/31/2012   M     13,125   (8)   (4) Common Stock 13,125 $ 0 420,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
DAANE JOHN
101 INNOVATION DRIVE
SAN JOSE, CA 95134		   X     President and CEO  

Signatures

 JOHN DAANE   08/02/2012
**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) Shares of common stock were withheld at vesting to cover required tax withholding. The fair market value of Altera common stock used for purposes of calculating the number of shares to be withheld was the closing price of Altera common stock as reported on the NASDAQ Stock Market on such vesting date.
(2) Each Restricted Stock Unit ("RSU") represents a contingent right to receive at settlement one share of Altera common stock at no cost.
(3) On March 2, 2009, the reporting person received a grant of performance-based restricted stock units ("RSUs"). The RSUs commenced vesting on July 31, 2010 at a rate of 25% annually. One fourth of the RSUs vested on July 31, 2012 and shares were delivered to the reporting person on that date.
(4) The grant shall expire ten years from the date of grant.
(5) On February 19, 2010, the reporting person received a grant of performance-based restricted stock units ("RSUs"). The RSUs commenced vesting on July 31, 2011 at a rate of 25% annually. One fourth of the RSUs vested on July 31, 2012 and shares were delivered to the reporting person on that date.
(6) On March 2, 2009, the reporting person received a grant of RSUs that vest over a four-year period beginning on July 31, 2010. One fourth of the RSUs vested on July 31, 2012 and shares were delivered to the reporting person on that date.
(7) On February 25, 2011, the reporting person received a grant of RSUs that vest over a four-year period beginning on July 31, 2012. One fourth of the RSUs vested on July 31 , 2012 and shares were delivered to the reporting person on that date.
(8) On February 19, 2010, the reporting person received a grant of RSUs that vest over a four-year period beginning on July 31, 2011. One fourth of the RSUs vested on July 31 , 2012 and shares were delivered to the reporting person on that date.

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