DAVITA INC. — Director's Dealing 2017

May 8, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DAVITA INC. (DVA)
CIK: 0000927066
Period of Report: 2017-05-04

Reporting Person: Valine Roger (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-04	Common Stock	M	36000	$42.465	Acquired	36000	Direct
2017-05-04	Common Stock	F	23006	$66.450	Disposed	12994	Direct
2017-05-04	Common Stock	S	12994	$66.2126	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-04	Stock Appreciation Rights	$42.465	M	36000	Acquired	2017-06-11	Common Stock (36000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	19813	Indirect

Footnotes

F1: Represents the weighted average sale price of $66.2126. The range of prices for the sale of these shares was $66.0750 - $66.2950 rounded to the nearest thousandths. The reporting person undertakes to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

F2: The Stock Appreciation Rights were granted on 6/11/2012, and vested 100% on 6/11/2013.