NVR INC — Director's Dealing 2014

Feb 28, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2014-02-26

Reporting Person: BUTLER ROBERT C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-26	NVR, Inc. common stock	M	434	$515.05	Acquired	1395	Direct
2014-02-26	NVR, Inc. common stock	S	434	$1176.12	Disposed	961	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-26	Employee stock option (right to buy)	$515.05	M	434	Disposed	2018-01-02	common stock (434)	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 33 1/3% increments on 12/31/10, 12/31/11 and 12/31/12