DAVITA INC. — Director's Dealing 2012

Jun 18, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DAVITA INC (DVA)
CIK: 0000927066
Period of Report: 2012-06-14

Reporting Person: Mildenberger Laura (Chief People Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-14	Common Stock	M	9375	$50.37	Acquired	18985	Direct
2012-06-14	Common Stock	F	5430	$86.98	Disposed	13555	Direct
2012-06-14	Common Stock	S	3945	$87.9255	Disposed	9610	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-06-14	Stock Appreciation Right	$50.37	M	9375	Disposed	2013-02-28	Common Stock (9375)	Direct

Footnotes

F1: The range of prices for the sale of these shares was $87.90 - $88.00. 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: Stock Appreciation RIght, pursuant to the DaVita Inc. 2002 Equity Compensation Plan (as amended and restated, the "DaVita Inc. 2011 Incentive Award 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 four months thereafter.