DAVITA INC. — Director's Dealing 2012

May 25, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DAVITA INC (DVA)
CIK: 0000927066
Period of Report: 2012-05-23

Reporting Person: Nissenson Allen (Chief Medical Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-23	Common Stock	M	8750	$56.14	Acquired	9675	Direct
2012-05-23	Common Stock	F	6122	$80.25	Disposed	3553	Direct
2012-05-23	Common Stock	S	2628	$80.00	Disposed	925	Direct
2012-05-23	Common Stock	M	8000	$46.26	Acquired	8925	Direct
2012-05-23	Common Stock	F	4612	$80.25	Disposed	4313	Direct
2012-05-23	Common Stock	S	3388	$80.00	Disposed	925	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-23	Stock Appreciation Right	$56.14	M	8750	Disposed	2013-08-01	Common Stock (8750)	Direct
2012-05-23	Stock Appreciation Right	$46.26	M	8000	Disposed	2014-03-02	Common Stock (8000)	Direct