DAVITA INC. — Director's Dealing 2011

May 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DAVITA INC (DVA)
CIK: 0000927066
Period of Report: 2011-05-19

Reporting Person: DIAZ PAUL J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-19	Common Stock	M	11250	$52.94	Acquired	14407	Direct
2011-05-19	Common Stock	S	11250	$86.6356	Disposed	3157	Direct
2011-05-19	Common Stock	M	12000	$45.84	Acquired	15157	Direct
2011-05-19	Common Stock	F	6349	$86.65	Disposed	8808	Direct
2011-05-19	Common Stock	S	5651	$86.7649	Disposed	3157	Direct
2011-05-19	Common Stock	S	2291	$86.6985	Disposed	866	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-19	Stock Option (Right to Buy)	$52.94	M	11250	Disposed	2012-07-31	Common Stock (11250)	Direct
2011-05-19	Stock Appreciation Right	$45.84	M	12000	Disposed	2014-06-15	Common Stock (12000)	Direct

Footnotes

F1: The range of prices for the sale of these shares was $86.53 - $86.70. 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 $86.70 - $86.79. 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: The range of prices for the sale of these shares was $86.65 - $86.87. The filer undertakes to provide staff, the issuer, or a security holder, full information regarding the number of shares sold at each separate price.

F4: Non-qualified stock options, pursuant to the 2002 Equity Compensation Plan, which vest 25% on the first four anniversaries of the grant date.

F5: Stock Appreciation Right, pursuant to the 2002 Equity Compensation Plan, which vest 100% on the first anniversary of the grant date.