NVR INC — Director's Dealing 2010

Feb 24, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2010-02-22

Reporting Person: BUTLER ROBERT C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-22	NVR, Inc. common stock	M	2500	$369.75	Acquired	2800	Direct
2010-02-23	NVR, Inc. common stock	S	2500	$704.39	Disposed	300	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-22	Employee stock option (right to buy)	$369.75	M	2500	Disposed	2012-04-30	Common stock (2500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
NVR, Inc. common stock	150	Indirect

Footnotes

F1: Options issued under the 1998 Directors Long-Term Stock Option Plan vest 25% per year at 12/31/06, 12/31/07, 12/31/08, and 12/31/09