DAVITA INC. — Director's Dealing 2011

Mar 16, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DAVITA INC (DVA)
CIK: 0000927066
Period of Report: 2011-03-14

Reporting Person: HILGER JAMES K (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-14	Common Stock	M	834	$56.38	Acquired	7759	Direct
2011-03-14	Common Stock	F	575	$81.78	Disposed	7184	Direct
2011-03-14	Common Stock	S	259	$81.31	Disposed	6925	Direct
2011-03-14	Common Stock	M	2500	$52.12	Acquired	9425	Direct
2011-03-14	Common Stock	F	1594	$81.78	Disposed	7831	Direct
2011-03-14	Common Stock	S	906	$81.31	Disposed	6925	Direct
2011-03-14	Common Stock	M	10000	$52.12	Acquired	16925	Direct
2011-03-14	Common Stock	F	6374	$81.78	Disposed	10551	Direct
2011-03-14	Common Stock	S	3626	$81.3248	Disposed	6925	Direct
2011-03-14	Common Stock	M	867	$50.37	Acquired	7792	Direct
2011-03-14	Common Stock	F	535	$81.78	Disposed	7257	Direct
2011-03-14	Common Stock	S	332	$81.3148	Disposed	6925	Direct
2011-03-14	Common Stock	M	1667	$46.26	Acquired	8592	Direct
2011-03-14	Common Stock	F	943	$81.78	Disposed	7649	Direct
2011-03-14	Common Stock	S	724	$81.4282	Disposed	6925	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-14	Stock Appreciation Right	$56.38	M	834	Disposed	2011-10-11	Common Stock (834)	Direct
2011-03-14	Stock Appreciation Right	$52.12	M	2500	Disposed	2012-03-14	Common Stock (2500)	Direct
2011-03-14	Stock Appreciation Right	$52.12	M	10000	Disposed	2012-03-14	Common Stock (10000)	Direct
2011-03-14	Stock Appreciation Right	$50.37	M	867	Disposed	2013-02-28	Common Stock (867)	Direct
2011-03-14	Stock Appreciation Right	$46.26	M	1667	Disposed	2014-03-02	Common Stock (1667)	Direct

Footnotes

F1: The range of prices for the sale of these shares was $81.27 - $81.35. 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 $81.31 - $81.32. 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 $81.32 - $81.48. 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: 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.

F5: Stock Appreciation Right, pursuant to the 2002 Equity Compensation Plan, which vest 50% on the third anniversary of the grant date, 12.5% on the 45th month following the grant date, and 12.5% every 3 months thereafter.