DAVITA INC. — Director's Dealing 2011

May 9, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DAVITA INC (DVA)
CIK: 0000927066
Period of Report: 2011-05-05

Reporting Person: THIRY KENT J (Director, Chairman & Chief Exec. Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-05	Common Stock	M	299988	$52.76	Acquired	492127	Direct
2011-05-05	Common Stock	F	185333	$85.40	Disposed	306782	Direct
2011-05-05	Common Stock	S	114655	$85.0934	Disposed	192127	Direct
2011-05-06	Common Stock	M	250012	$52.76	Acquired	442139	Direct
2011-05-06	Common Stock	F	156159	$84.47	Disposed	285980	Direct
2011-05-06	Common Stock	S	93853	$84.2458	Disposed	192127	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-05	Stock Appreciation Right	$52.76	M	299988	Disposed	2012-03-16	Common Stock (299988)	Direct
2011-05-06	Stock Appreciation Right	$52.76	M	250012	Disposed	2012-03-16	Common Stock (250012)	Direct

Footnotes

F1: The range of prices for the sale of these shares was $84.50 - $85.55. 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 $84.00 - $84.91. 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: 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 four months thereafter.