DAVITA INC. — Director's Dealing 2011

Mar 24, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DAVITA INC (DVA)
CIK: 0000927066
Period of Report: 2011-03-23

Reporting Person: Borgen Luis (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-23	Common Stock	M	12500	$64.19	Acquired	27500	Direct
2011-03-23	Common Stock	F	9831	$81.62	Disposed	17669	Direct
2011-03-23	Common Stock	S	2669	$81.24	Disposed	15000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-23	Stock Appreciation Right	$64.19	M	12500	Disposed	2015-03-22	Common Stock (12500)	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.