DAVITA INC. — Director's Dealing 2012

Feb 15, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DAVITA INC (DVA)
CIK: 0000927066
Period of Report: 2012-02-13

Reporting Person: Kogod Dennis (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-13	Common Stock	M	4167	$52.12	Acquired	32292	Direct
2012-02-13	Common Stock	F	2587	$83.97	Disposed	29705	Direct
2012-02-13	Common Stock	M	25000	$52.12	Acquired	54705	Direct
2012-02-13	Common Stock	F	15518	$83.97	Disposed	39187	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-13	Stock Appreciation Right	$52.12	M	4167	Disposed	2012-03-14	Common Stock (4167)	Direct
2012-02-13	Stock Appreciation Right	$52.12	M	25000	Disposed	2012-03-14	Common Stock (25000)	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 vest 50% on the third anniversary of the grant date, 12.5% on the 45th month following the grant date, and 12.5% every three months thereafter.

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 vest 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.