DAVITA INC. — Director's Dealing 2011

Mar 9, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DAVITA INC (DVA)
CIK: 0000927066
Period of Report: 2011-03-07

Reporting Person: Usilton Thomas O (SVP, Chief Development Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-07	Common Stock	M	4167	$56.38	Acquired	15170	Direct
2011-03-07	Common Stock	F	2805	$83.76	Disposed	12365	Direct
2011-03-07	Common Stock	S	1362	$82.3161	Disposed	11003	Direct
2011-03-07	Common Stock	M	33250	$52.12	Acquired	44253	Direct
2011-03-07	Common Stock	F	20690	$83.76	Disposed	23563	Direct
2011-03-07	Common Stock	S	12560	$82.3383	Disposed	11003	Direct
2011-03-07	Common Stock	M	17000	$50.37	Acquired	28003	Direct
2011-03-07	Common Stock	F	10224	$83.76	Disposed	17779	Direct
2011-03-07	Common Stock	S	6776	$82.3975	Disposed	11003	Direct
2011-03-07	Common Stock	M	16666	$46.26	Acquired	27669	Direct
2011-03-07	Common Stock	F	9205	$83.76	Disposed	18464	Direct
2011-03-07	Common Stock	S	7461	$82.4170	Disposed	11003	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-07	Stock Appreciation Right	$56.38	M	4167	Disposed	2011-10-11	Common Stock (4167)	Direct
2011-03-07	Stock Appreciation Right	$52.12	M	33250	Disposed	2012-03-14	Common Stock (33250)	Direct
2011-03-07	Stock Appreciation Right	$50.37	M	17000	Disposed	2013-02-28	Common Stock (17000)	Direct
2011-03-07	Stock Appreciation Right	$46.26	M	16666	Disposed	2014-03-02	Common Stock (16666)	Direct

Footnotes

F1: The range of prices for the sale of these shares was $82.31 - $82.32. The filer undertakes to provide staff, the issuer, or a security holder full information regarding the number of shares sold at each separate price.

F2: The range of prices for the sale of these shares was $82.32 - $82.38. 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 $82.38 - $82.40. 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 $82.40 - $82.50. 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 4 months thereafter.

F6: Stock Appreciation Right, pursuant to the 2002 Equity Compensation Plan, which vest 25% on the second anniversary of the grant date, 8.33% on the 32nd month following the grant date, and 8.33% every 4 months thereafter.