DAVITA INC. — Director's Dealing 2011

Feb 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DAVITA INC (DVA)
CIK: 0000927066
Period of Report: 2011-02-18

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-18	Common Stock	M	108000	$49.70	Acquired	300127	Direct
2011-02-18	Common Stock	F	67062	$80.04	Disposed	233065	Direct
2011-02-18	Common Stock	S	40938	$79.5519	Disposed	192127	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-18	Stock Appreciation Right	$49.70	M	108000	Disposed	2011-07-01	Common Stock (108000)	Direct

Footnotes

F1: The range of prices for the sale of these shares was $79.50 - $79.67. 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 2002 Equity Compensation Plan, which vest 25% on the first anniversairy of the grant date, 8.33% on the 20th month following the grant date, and 8.33% every four months thereafter.