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: Nissenson Allen (Chief Medical Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-06	Common Stock	M	2917	$56.14	Acquired	3842	Direct
2012-08-06	Common Stock	F	1650	$99.29	Disposed	2192	Direct
2012-08-06	Common Stock	S	1267	$98.7205	Disposed	925	Direct
2012-08-06	Common Stock	M	4967	$46.26	Acquired	5892	Direct
2012-08-06	Common Stock	F	2315	$99.29	Disposed	3577	Direct
2012-08-06	Common Stock	S	2652	$98.9954	Disposed	925	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-08-06	Stock Appreciation Right	$56.14	M	2917	Disposed	2013-08-01	Common Stock (2917)	Direct
2012-08-06	Stock Appreciation Right	$46.26	M	4967	Disposed	2014-03-02	Common Stock (4967)	Direct

Footnotes

F1: The range of prices for the sale of these shares was $98.41 - $98.92. 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 $98.92 - $99.08. 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: 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.