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: HILGER JAMES K (Interim CFO, and CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-06	Common Stock	M	6667	$50.37	Acquired	13592	Direct
2012-08-06	Common Stock	F	3383	$99.29	Disposed	10209	Direct
2012-08-06	Common Stock	S	3284	$98.8441	Disposed	6925	Direct
2012-08-06	Common Stock	M	3334	$46.26	Acquired	10259	Direct
2012-08-06	Common Stock	F	1554	$99.29	Disposed	8705	Direct
2012-08-06	Common Stock	S	1780	$98.93	Disposed	6925	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-08-06	Stock Appreciation Right	$50.37	M	6667	Disposed	2013-02-28	Common Stock (6667)	Direct
2012-08-06	Stock Appreciation Right	$46.26	M	3334	Disposed	2014-03-02	Common Stock (3334)	Direct

Footnotes

F1: The range of prices for the sale of these shares was $98.79 - $98.93. 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," 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.