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DAVITA INC. Director's Dealing 2011

May 9, 2011

30643_dirs_2011-05-09_8f4d8e9b-1641-4a9b-ad56-8401b605a476.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DAVITA INC (DVA)
CIK: 0000927066
Period of Report: 2011-05-05

Reporting Person: Kogod Dennis (Chief Operating Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-05-05 Common Stock M 4167 $52.12 Acquired 41667 Direct
2011-05-05 Common Stock F 2544 $85.40 Disposed 39123 Direct
2011-05-05 Common Stock S 1623 $84.50 Disposed 37500 Direct
2011-05-05 Common Stock M 12500 $52.12 Acquired 50000 Direct
2011-05-05 Common Stock F 7629 $85.40 Disposed 42371 Direct
2011-05-05 Common Stock S 4871 $84.5082 Disposed 37500 Direct
2011-05-05 Common Stock M 16667 $50.37 Acquired 54167 Direct
2011-05-05 Common Stock F 9831 $85.40 Disposed 44336 Direct
2011-05-05 Common Stock S 6836 $84.9861 Disposed 37500 Direct
2011-05-05 Common Stock M 38878 $46.26 Acquired 76378 Direct
2011-05-05 Common Stock F 21060 $85.40 Disposed 55318 Direct
2011-05-05 Common Stock S 17818 $85.0145 Disposed 37500 Direct
2011-05-06 Common Stock M 61122 $46.26 Acquired 98622 Direct
2011-05-06 Common Stock F 33474 $84.47 Disposed 65148 Direct
2011-05-06 Common Stock S 27648 $84.9569 Disposed 37500 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-05-05 Stock Appreciation Right $52.12 M 4167 Disposed 2012-03-14 Common Stock (4167) Direct
2011-05-05 Stock Appreciation Right $52.12 M 12500 Disposed 2012-03-14 Common Stock (12500) Direct
2011-05-05 Stock Appreciation Right $50.37 M 16667 Disposed 2013-02-28 Common Stock (16667) Direct
2011-05-05 Stock Appreciation Right $46.26 M 38878 Disposed 2014-03-02 Common Stock (38878) Direct
2011-05-06 Stock Appreciation Right $46.26 M 61122 Disposed 2014-03-02 Common Stock (61122) Direct

Footnotes

F1: The range of prices for the sale of these shares was $84.50 - $84.80. The filer undertakes to provide staff, the issuer or a security holder full information regarding the number of shares sold at each separate price.

F2: The range of prices for the sale of these shares was $84.80 - $85.00. The filer undertakes to provide staff, the issuer or a security holder full information regarding the number of shares sold at each separate price.

F3: The range of prices for the sale of these shares was $85.00 - $85.12. The filer undertakes to provide staff, the issuer or a security holder full information regarding the number of shares sold at each separate price.

F4: The range of prices for the sale of these shares was $84.60 - $85.12. The filer undertakes to provide staff, the issuer or a security holder full information regarding the number of shares sold at each separate price.

F5: Stock Appreciation Right, pursuant to the 2002 Equity Compensation Plan, which vest 25% on the first anniversary of the grant date, 8.33% on the 20th month following the grant date and 8.33% every four months thereafter.

F6: Stock Appreciation Right, pursuant to the 2002 Equity Compensation Plan, which vest 25% on the third anniversary of the grant date, 12.5% on the 45th month following the grant date and 12.5% every three months thereafter.