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)
_____ 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)
07/31/2011
(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   18,750 A $ 0 (1) 162,971 D  
Common Stock 07/31/2011   M   13,125 A $ 0 176,096 D  
Common Stock 07/31/2011   M   43,750 A $ 0 219,846 D  
Common Stock 07/31/2011   M   30,625 A $ 0 250,471 D  
Common Stock 07/31/2011   F(2)   8,753 D $ 40.88 241,718 D  
Common Stock 07/31/2011   F(2)   6,127 D $ 40.88 235,591 D  
Common Stock 07/31/2011   F(2)   20,423 D $ 40.88 215,168 D  
Common Stock 07/31/2011   F(2)   14,296 D $ 40.88 200,872 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 (3) 07/31/2011   M     43,750 07/31/2011(4)   (5) Common Stock 43,750 $ 0 235,000 D  
Performance Restricted Stock Unit (3) 07/31/2011   M     30,625 07/31/2011(6)   (5) Common Stock 30,625 $ 0 204,375 D  
Restricted Stock Unit (RSU) (1) 07/31/2011   M     18,750 07/31/2011(1)   (5) Common Stock 18,750 $ 0 481,250 D  
Restricted Stock Unit (RSU) (3) 07/31/2011   M     13,125 07/31/2011(6)   (5) Common Stock 13,125 $ 0 468,125 D  

Reporting Owners

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

Signatures

 JOHN DAANE   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 became vested on July 31, 2011 and shares were delivered to reporting person on that date.
(2) Share withheld to cover tax withholding on RSU shares released.
(3) Each Restricted Stock Unit represents a contingent right to receive one share of Altera Common Stock at no cost.
(4) 25% of the restricted stock unit granted on March 2, 2009 became vested on July 31, 2011 and shares were delivered to reporting person on that date.
(5) Ten years from the date of grant.
(6) 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.

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