NVR INC — Director's Dealing 2014

Oct 29, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2014-10-27

Reporting Person: Bredow Eugene James (Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-10-27	NVR, Inc. common stock	M	940	$515.05	Acquired	2069	Direct
2014-10-27	NVR, Inc. common stock	S	940	$1214.00	Disposed	1129	Direct
2014-10-28	NVR, Inc. common stock	M	60	$515.05	Acquired	1189	Direct
2014-10-28	NVR, Inc. common stock	D	30	$1250.00	Disposed	1159	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-10-27	Employee stock option (right to buy)	$515.05	M	940	Disposed	2018-01-02	Common stock (940)	Direct
2014-10-28	Employee stock option (right to buy)	$515.05	M	60	Disposed	2018-01-02	Common stock (60)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
NVR, Inc. common stock	114	Indirect

Footnotes

F1: Options granted under the 2000 Broadly-Based Stock Option Plan vested 100% on 12/31/10.