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: ZUMWALT LEANNE M (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-18	Common Stock	M	2500	$49.70	Acquired	4405	Direct
2011-02-18	Common Stock	F	1553	$80.04	Disposed	2852	Direct
2011-02-18	Common Stock	S	947	$80.15	Disposed	1905	Direct
2011-02-18	Common Stock	M	20000	$56.38	Acquired	21905	Direct
2011-02-18	Common Stock	F	14088	$80.04	Disposed	7817	Direct
2011-02-18	Common Stock	S	5912	$80.1644	Disposed	1905	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-18	Stock Appreciation Right	$49.70	M	2500	Disposed	2011-07-01	Common Stock (2500)	Direct
2011-02-18	Stock Appreciation Right	$56.38	M	20000	Disposed	2011-10-11	Common Stock (20000)	Direct

Footnotes

F1: The range of prices for the sale of these shares was $80.15 - $80.191. The filer undertakes to provide staff, hte 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 vested 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.

F3: Stock Appreciation Right, pursuant to the 2002 Equity Compensation Plan, which vested 75% on the third anniversary of the grant date and 25% on the fourth anniversary of the grant date.