SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

GRAUER PETER T

(Last)

(First)

(Middle)

601 HAWAII ST.

(Street)

EL SEGUNDO

90245

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
DAVITA INC [ DVA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2004

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/18/2004		M		5,600	A	$9.8125	12,965	D
Common Stock	03/18/2004		S		5,600	D	$44.7709	7,365	D
Common Stock	03/18/2004		M		8,000	A	$19.23	15,365	D
Common Stock	03/18/2004		S		8,000	D	$44.7709	7,365	D
Common Stock	03/18/2004		M		4,000	A	$25.22	11,365	D
Common Stock	03/18/2004		S		4,000	D	$44.7709	7,365	D
Common Stock	03/18/2004		M		12,400	A	$28.425	19,765	D
Common Stock	03/18/2004		S		12,400	D	$44.7709	7,365	D
Common Stock	03/19/2004		M		10,100	A	$28.425	17,465	D
Common Stock	03/19/2004		S		10,100	D	$45.0008	7,365	D
Common Stock	03/19/2004		M		19,900	A	$32.1875	27,265	D
Common Stock	03/19/2004		S		19,900	D	$45.0008	7,365	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Options (Right to Buy)	$9.8125	03/18/2004		M			5,600	10/18/1999⁽¹⁾	04/08/2009	Common Stock	5,600	$0.00	0	D
Stock Options (Right to Buy)	$19.23	03/18/2004		M			8,000	06/05/2002⁽²⁾	06/05/2006	Common Stock	8,000	$0.00	0	D
Stock Options (Right to Buy)	$25.22	03/18/2004		M			4,000	04/11/2003⁽³⁾	04/11/2007	Common Stock	4,000	$0.00	4,000	D
Stock Options (Right to Buy)	$28.425	03/18/2004		M			12,400	08/18/1997⁽⁴⁾	08/18/2007	Common Stock	12,400	$0.00	10,100	D
Stock Options (Right to Buy)	$28.425	03/19/2004		M			10,100	08/18/1997⁽⁴⁾	08/18/2007	Common Stock	10,100	$0.00	0	D
Stock Options (Right to Buy)	$32.1875	03/19/2004		M			19,900	02/27/1998⁽⁵⁾	02/27/2008	Common Stock	19,900	$0.00	5,100	D

Explanation of Responses:

1. These shares vested on 10/18/99.

2. The options vested according to the following schedule: 4,000 on 06/05/02, and 4,000 on 06/05/03.

3. The options vest according to the following schedule: 4,000 on 04/11/03, and 4,000 on 04/11/04.

4. The options vested according to the following schedule: 11,250 on 08/19/97, 5,625 on 08/19/98, and 5,625 on 08/19/99.

5. The options vested according to the following schedule: 6,250 on 02/27/99, and 18,750 on 10/18/99.

	/s/ Patrick A. Broderick Attorney-in-Fact	03/22/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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