NVR INC — Director's Dealing 2012

May 2, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2012-05-01

Reporting Person: SEREMET DENNIS M (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-01	NVR, Inc. common stock	M	2098	$515.05	Acquired	47427	Direct
2012-05-01	NVR, Inc. common stock	S	2098	$796.31	Disposed	45329	Direct
2012-05-02	NVR, Inc. common stock	M	902	$515.05	Acquired	46231	Direct
2012-05-02	NVR, Inc. common stock	S	902	$802.74	Disposed	45329	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-01	Employee stock option (right to buy)	$515.05	M	2098	Disposed	2018-01-02	common stock (2098)	Direct
2012-05-02	Employee stock option (right to buy)	$515.05	M	902	Disposed	2018-01-02	common stock (902)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
NVR, Inc. common stock	3071	Indirect
NVR, Inc. common stock	2169	Indirect