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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 9, 2007

ALTERA CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware		0-16617		77-0016691
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

 

101 Innovation Drive, San Jose, California		95134
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (408) 544-7000

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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Item 8.01.

Other Events.

As previously announced on March 28, 2007, Altera Corporation’s board of directors has approved a 57 million share repurchase program. On November 9, 2007, and November 20, 2007, Altera entered into contracts to conduct some of those repurchases pursuant to plans (the “Plans”) complying with Rule 10b5-1 of the Securities Exchange Act of 1934 (the “Exchange Act”). The Plans cover the period from December 8, 2007 to March 7, 2008, unless any or all Plans are earlier terminated. Repurchases made under each of the Plans will comply with the requirements of Rule 10b5-1(c)(1)(i) and, to the extent applicable, Rule 10b-18 under the Exchange Act. Depending upon prevailing market conditions and other factors, there can be no assurance that shares of Altera’s common stock will be purchased pursuant to the Plans. In no event will the cumulative amount of Altera common stock purchased under the Plans exceed the greater of $500 million or 35 million shares.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: December 20, 2007