NVR INC — Director's Dealing 2009

Feb 6, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2009-02-05

Reporting Person: JOHNSON MANUEL H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-02-05	NVR, Inc. common stock	M	12500	$49.06	Acquired	22900	Direct
2009-02-05	NVR, Inc. common stock	S	12500	$396.52	Disposed	10400	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-02-05	Employee stock option (right to buy)	$49.06	M	12500	Disposed	2009-05-25	common stock (12500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
NVR, Inc. common stock	65	Indirect

Footnotes

F1: Options issued under the 1998 Directors Long-Term Stock Option Plan vest 25% per year at 12/31/02, 12/31/03, 12/31/04, and 12/31/05