DAVITA INC. — Director's Dealing 2012

Aug 8, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DAVITA INC (DVA)
CIK: 0000927066
Period of Report: 2012-08-06

Reporting Person: DIAZ PAUL J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-06	Common Stock	M	12000	$62.64	Acquired	17515	Direct
2012-08-06	Common Stock	F	7571	$99.29	Disposed	9944	Direct
2012-08-06	Common Stock	S	4429	$96.2622	Disposed	5515	Direct
2012-08-07	Common Stock	S	2000	$97.0355	Disposed	3515	Direct
2012-08-08	Common Stock	S	2651	$97.296	Disposed	864	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-08-06	Stock Appreciation Right	$62.64	M	12000	Disposed	2015-06-07	Common Stock (12000)	Direct

Footnotes

F1: The range of prices for the sale of these shares was $96.22 - $96.29. 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 $97.00 - $97.11. 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 $97.25 - $97.31. 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: 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 vested 100% on the first anniversary of the grant date.