DAVITA INC. — Director's Dealing 2011

Mar 11, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DAVITA INC (DVA)
CIK: 0000927066
Period of Report: 2011-03-09

Reporting Person: HILGER JAMES K (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-09	Common Stock	M	2466	$50.37	Acquired	9391	Direct
2011-03-09	Common Stock	F	1495	$83.12	Disposed	7896	Direct
2011-03-09	Common Stock	S	971	$82.35	Disposed	6925	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-09	Stock Appreciation Right	$50.37	M	2466	Disposed	2013-02-28	Common Stock (2466)	Direct

Footnotes

F1: 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 4 months thereafter until fully vested.