NVR INC — Director's Dealing 2014

Jan 31, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2014-01-29

Reporting Person: Bredow Eugene James (Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-29	NVR, Inc. common stock	M	1000	$505.37	Acquired	2079	Direct
2014-01-29	NVR, Inc. common stock	S	950	$1115.21	Disposed	1129	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-29	Employee stock option (right to buy)	$505.37	M	1000	Disposed	2019-04-30	Common stock (1000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
NVR, Inc. common stock	105	Indirect

Footnotes

F1: Stock options granted under the 1998 Management Long-Term Stock Option Plan vested in 33 1/3% increments on December 31, 2011, 2012 and 2013