NVR INC — Director's Dealing 2015

Feb 26, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2015-02-25

Reporting Person: BUTLER ROBERT C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-25	NVR, Inc. common stock	M	1764	$703.00	Acquired	2725	Direct
2015-02-25	NVR, Inc. common stock	S	1764	$1345.38	Disposed	961	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-25	Employee stock option (right to buy)	$703.00	M	1764	Disposed	2020-05-10	common stock (1764)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
NVR, Inc. common stock	150	Indirect

Footnotes

F1: Options granted under the 2010 Equity Incentive Plan vested in 50% increments on 12/31/13 and 12/31/14.