NVR INC — Director's Dealing 2012

Nov 28, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2012-11-27

Reporting Person: BUTLER ROBERT C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-27	NVR, Inc. common stock	M	868	$515.05	Acquired	1816	Direct
2012-11-27	NVR, Inc. common stock	S	868	$891.68	Disposed	948	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-27	Employee stock option (right to buy)	$515.05	M	868	Disposed	2018-01-02	common stock (868)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
NVR, Inc. common stock	150	Indirect

Footnotes

F1: Options granted under the 1998 Directors Long-Term Stock Option Plan vest in 1/3 increments on 12/31/10, 12/31/11 and 12/31/12.