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DAVITA INC. Director's Dealing 2011

Dec 21, 2011

30643_dirs_2011-12-21_072bdcbc-f182-43c8-8ca6-9e4a3e65d1fb.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: 2011-12-20

Reporting Person: ZUMWALT LEANNE M (Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-12-20 Common Stock M 15000 $52.12 Acquired 16643 Direct
2011-12-20 Common Stock F 10693 $73.12 Disposed 5950 Direct
2011-12-20 Common Stock S 4307 $74.3586 Disposed 1643 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-12-20 Stock Appreciation Right $52.12 M 15000 Disposed 2012-03-14 Common Stock (15000) Direct

Footnotes

F1: The range of prices for the sale of these shares was $74.34 - $74.39. 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: Stock Appreciation Right, pursuant to the DaVita Inc. 2002 Equity Compensation Plan (as amended and restated, the "DaVita Inc. 2011 Incentive Award Plan", effective June 6, 2011), which vested 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 threafter.