NVR INC — Director's Dealing 2011

Feb 17, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2011-02-15

Reporting Person: SAVILLE PAUL C (Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-15	NVR, Inc. common stock	M	10000	$189.00	Acquired	147816	Direct
2011-02-15	NVR, Inc. common stock	S	10000	$749.72	Disposed	137816	Direct
2011-02-16	NVR, Inc. common stock	M	8000	$189.00	Acquired	145816	Direct
2011-02-16	NVR, Inc. common stock	S	8000	$758.09	Disposed	137816	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-15	Employee stock option (right to buy)	$189.00	M	10000	Disposed	2011-05-02	common stock (10000)	Direct
2011-02-16	Employee stock option (right to buy)	$189.00	M	8000	Disposed	2011-05-02	common stock (8000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
NVR, Inc. common stock	4401	Indirect
NVR, Inc. common stock	3178	Indirect

Footnotes

F1: Stock options granted under the 2000 Broadly-Based Stock Option Plan vested in 25% increments on December 31, 2006, 2007, 2008 and 2009.