DAVITA INC. — Director's Dealing 2012

Aug 9, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DAVITA INC (DVA)
CIK: 0000927066
Period of Report: 2012-08-07

Reporting Person: ROPER WILLIAM L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-07	Common Stock	M	18000	$49.78	Acquired	29303	Direct
2012-08-07	Common Stock	F	9361	$95.73	Disposed	19942	Direct
2012-08-07	Common Stock	S	8639	$95.9486	Disposed	11303	Direct
2012-08-07	Common Stock	M	18000	$45.84	Acquired	29303	Direct
2012-08-07	Common Stock	F	8620	$95.73	Disposed	20683	Direct
2012-08-07	Common Stock	S	9380	$96.0093	Disposed	11303	Direct
2012-08-07	Common Stock	S	5000	$95.8391	Disposed	6303	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-08-07	Stock Appreciation Right	$49.78	M	18000	Disposed	2013-06-09	Common Stock (18000)	Direct
2012-08-07	Stock Appreciation Right	$45.84	M	18000	Disposed	2014-06-15	Common Stock (18000)	Direct

Footnotes

F1: The range of prices for the sale of these shares was $95.92 - $95.97. 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 $95.97 - $96.03. 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: The range of prices for the sale of these shares was $95.73 - $95.93. The filer undertakes to provide staff, the issuer or a security holder full information regarding the number of shares sold at each separate price.

F4: 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 100% on the first anniversary of the grant date.