DAVITA INC. — Director's Dealing 2011

Mar 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Mildenberger Laura (SVP & Chief People Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-14	Common Stock	M	4375	$50.37	Acquired	8125	Direct
2011-03-14	Common Stock	F	2695	$81.78	Disposed	5430	Direct
2011-03-14	Common Stock	S	1680	$81.50	Disposed	3750	Direct
2011-03-14	Common Stock	M	6212	$46.26	Acquired	9962	Direct
2011-03-14	Common Stock	F	3514	$81.78	Disposed	6448	Direct
2011-03-14	Common Stock	S	2698	$81.50	Disposed	3750	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-14	Stock Appreciation Right	$50.37	M	4375	Disposed	2013-02-28	Common Stock (4375)	Direct
2011-03-14	Stock Appreciation Right	$46.26	M	6212	Disposed	2014-03-02	Common Stock (6212)	Direct

Footnotes

F1: 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.