Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  BURICH MISHA
2. Date of Event Requiring Statement (Month/Day/Year)
03/22/2007
3. Issuer Name and Ticker or Trading Symbol
ALTERA CORP [ALTR]
(Last)
(First)
(Middle)
101 INNOVATION DRIVE
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) __X__ Other (specify below)
Sr VP, Research & Development / Sr VP, Research & Development
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

SAN JOSE, CA 95134
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 4,286
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy)   (1) 12/03/2012 Common Stock 150,000 $ 13.91 D  
Non-Qualified Stock Option (right to buy)   (2) 01/03/2015 Common Stock 120,000 $ 20.04 D  
Non-Qualified Stock Option (right to buy)   (3) 12/03/2011 Common Stock 75,000 $ 22.49 D  
Non-Qualified Stock Option (right to buy)   (4) 01/05/2011 Common Stock 160,000 $ 23.47 D  
Non-Qualified Stock Option (right to buy)   (5) 01/05/2014 Common Stock 120,000 $ 23.47 D  
Restricted Stock Unit (RSU)   (6) 01/30/2016 Common Stock 18,750 $ (7) D  
Restricted Stock Unit (RSU)   (6) 01/29/2017 Common Stock 30,000 $ (7) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
BURICH MISHA
101 INNOVATION DRIVE
SAN JOSE, CA 95134
      Sr VP, Research & Development Sr VP, Research & Development

Signatures

/s/ Misha Burich 03/29/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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 in installments cumulatively with respect to 25% of the shares on December 3, 2003 and with respect to 2.083% of the shares each month there after.
(2) Exercisable in installments cumulatively with respect to 25% of the shares on January 3, 2006 and with respect to 2.083% of the shares each month there after.
(3) Exercisable in installments cumulatively with respect to 8.33% of the shares on February 1, 2005 and each month there after.
(4) Exercisable in installments cumulatively with respect to 20% of the shares on July 5, 2004 and with respect to 3.33% of the shares each month there after.
(5) Exercisable in installments cumulatively with respect to 25% of the shares on January 5, 2005 and with respect to 2.083% of the shares each month there after.
(6) The RSU Award shares shall vest and become subject to release over a four (4) year period measured from the date of Award, provided that the Insider continues to serve as an employee on such dates.
(7) Unless expressly determined otherwise by the Committee, prior services rendered to the Company by Participant shall constitute sufficient consideration for the payment of the par value per RSU (par value being $0.01 per Share).

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