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 *
WATERS JEFFREY
  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)
SVP & GM, Business Unit
(Last)
(First)
(Middle)
101 INNOVATION DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
06/12/2015
(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 06/12/2015   M   7,980 A $ 35.21 29,015 D  
Common Stock 06/12/2015   S   7,980 D $ 51.515 21,035 D  
Common Stock 06/12/2015   M   25,500 A $ 39.76 46,535 D  
Common Stock 06/12/2015   S   25,500 D $ 51.515 21,035 D  
Common Stock 06/12/2015   S   1,376 D $ 51.6028 (1) 19,659 D  
Common Stock 06/12/2015   S   17,998 D $ 51.5102 (2) 1,661 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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) $ 35.21 (3) 06/12/2015   M     7,980   (4) 07/30/2022(5) Common Stock 7,980 $ 0 7,979 D  
Non-Qualified Stock Option (right to buy) $ 39.76 (3) 06/12/2015   M     25,500   (6)   (5) Common Stock 25,500 $ 0 8,500 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
WATERS JEFFREY
101 INNOVATION DRIVE
SAN JOSE, CA 95134
      SVP & GM, Business Unit  

Signatures

 Jeffrey W Waters   06/15/2015
**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) The 1,376 shares were sold in 2 lots; 376 shares were sold at $51.60 and 1,000 shares were sold at $51.6039. The price reported above represents the weighted average sale price.
(2) The 17,998 shares were sold in 2 lots; 600 shares were sold at $51.515 and 17,398 shares were sold at $51.51. The price reported above represents the weighted average sale price.
(3) The per share exercise price for the shares to be issued pursuant to exercise of an option shall be no less than 100% of the fair market value on the date of grant.
(4) The option, representing a right to purchase a total of 15,959 shares, vests at a rate of 25% annually from July 30, 2012, subject to the Reporting Person's continuing employment and the provisions in Altera's form of option agreement.
(5) The grant shall expire ten years from the date of grant.
(6) The option, representing a right to purchase a total of 34,000 shares, vests at a rate of 25% annually from January 30, 2012, subject to the Reporting Person's continuing employment and the provisions in Altera's form of option agreement.

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