NVR INC — Director's Dealing 2016

May 9, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2016-05-06

Reporting Person: FESTA ALFRED E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-06	NVR, Inc. common stock	M	1592	$434.25	Acquired	2413	Direct
2016-05-06	NVR, Inc. common stock	S	1592	$1625.00	Disposed	821	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-06	Stock option (right to buy)	$434.25	M	1592	Disposed	2018-11-30	Common stock (1592)	Direct

Footnotes

F1: Options granted under the 1998 Directors' Long-Term Stock Option Plan vested in 33 1/3% increments on 12/31/10, 12/31/11 and 12/31/12.