DAVITA INC. — Director's Dealing 2011

Jul 5, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DAVITA INC (DVA)
CIK: 0000927066
Period of Report: 2011-06-30

Reporting Person: HILGER JAMES K (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-30	Common Stock	M	3334	$50.37	Acquired	10259	Direct
2011-06-30	Common Stock	F	1964	$85.54	Disposed	8295	Direct
2011-06-30	Common Stock	S	1370	$86.52	Disposed	6925	Direct
2011-07-05	Common Stock	M	1667	$46.26	Acquired	8592	Direct
2011-07-05	Common Stock	F	885	$87.20	Disposed	7707	Direct
2011-07-05	Common Stock	S	782	$88.88	Disposed	6925	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-06-30	Stock Appreciation Right	$50.37	M	3334	Disposed	2013-02-28	Common Stock (3334)	Direct
2011-07-05	Stock Appreciation Right	$46.26	M	1667	Disposed	2014-03-02	Common Stock (1667)	Direct

Footnotes

F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 6, 2011.

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 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.