NVR INC — Director's Dealing 2011

Feb 22, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2011-02-17

Reporting Person: JOHNSON MANUEL H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-17	NVR, Inc. common stock	M	17000	$189.00	Acquired	28048	Direct
2011-02-17	NVR, Inc. common stock	S	5000	$759.77	Disposed	23048	Direct
2011-02-18	NVR, Inc. common stock	S	12000	$753.65	Disposed	11048	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-17	Employee stock option (right to buy)	$189.00	M	17000	Disposed	2011-05-02	common stock (17000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
NVR, Inc. common stock	65	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.