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: ZUMWALT LEANNE M (Group Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-15	Common Stock	M	20000	$50.37	Acquired	21643	Direct
2012-08-15	Common Stock	F	10294	$97.87	Disposed	11349	Direct
2012-08-15	Common Stock	S	9706	$98.00	Disposed	1643	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-08-15	Stock Appreciation Right	$50.37	M	20000	Disposed	2013-02-28	Common Stock (20000)	Direct

Footnotes

F1: 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.