DAVITA INC. — Director's Dealing 2011

Mar 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DAVITA INC (DVA)
CIK: 0000927066
Period of Report: 2011-02-25

Reporting Person: Nissenson Allen (Chief Medical Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-25	Common Stock	M	4000	$56.14	Acquired	4925	Direct
2011-02-25	Common Stock	F	2897	$77.52	Disposed	2028	Direct
2011-02-25	Common Stock	S	1103	$78.50	Disposed	925	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-25	Stock Appreciation Right	$56.14	M	4000	Disposed	2013-08-01	Common Stock (4000)	Direct

Footnotes

F1: Includes 425 shares purchased in accordance with the 2010 Employee Stock Purchase Program.

F2: 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.