DAVITA INC. — Director's Dealing 2012

Aug 17, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DAVITA INC (DVA)
CIK: 0000927066
Period of Report: 2012-08-15

Reporting Person: Mildenberger Laura (Chief People Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-15	Common Stock	M	1250	$50.37	Acquired	10860	Direct
2012-08-15	Common Stock	F	644	$97.87	Disposed	10216	Direct
2012-08-15	Common Stock	S	606	$98.4533	Disposed	9610	Direct
2012-08-15	Common Stock	S	7735	$98.2312	Disposed	1875	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-08-15	Stock Appreciation Right	$50.37	M	1250	Disposed	2013-02-28	Common Stock (1250)	Direct

Footnotes

F1: The range of prices for the sale of these shares was $98.45 - $98.46. 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 $98.20 - $98.27. 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: 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 25% on the first anniversary of the grant date, 8.33% on the 20th month following the grant date, and 8.33% every four months thereafter.