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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
768251	Altera Corp	ALTR	Semiconductors & Related Devices (3674)	770016691

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1227180	John Daane	101 Innovation Drive San Jose CA 95134	President And Ceo	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2011-01-27	100,000	$23.47	486,881	No	4	M	Direct
Common Stock	Disposition	2011-01-27	100,000	$37.76	386,881	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Non-Qualified Stock Option (right to buy)	Disposition	2011-01-27	100,000	$37.76	100,000	$23.47
Common Stock	Performance Restricted Stock Unit	Acquisiton	2011-01-26	122,500	$0.00	122,500	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2005-01-05	2014-01-05	No	4	M	Direct
122,500			No	4	A	Direct

Footnotes

The 100,000 shares were sold in 55 lots ranging from 1 share to 7,000 shares per lot. The sale price ranged between $37.60 and $38.02.
Each Restricted Stock Unit represents a contingent right to receive one share of Altera common stock at no cost.
The Compensation Committee of Altera Corporation's Board of Directors previously approved a grant effective on February 19, 2010 of performance-based Restricted Stock Units such that 100% of the vesting would be contingent on the Company achieving net income from continuing operations as a percentage of net sales of 17% or greater for fiscal year 2010. After achievement of the performance metric, the RSUs are still subject to a service requirement such that they will vest 25% annually commencing July 31, 2011. Effective January 26, 2011 the Compensation Committee certified that the Company achieved the performance metric for fiscal year 2010.