NVR INC — Director's Dealing 2016

Jan 5, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2016-01-01

Reporting Person: Martchek Jeffrey D (President of Homebuilding Ops)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-01-01	Employee stock option (right to buy)	$1643.00	A	4000	Acquired	2025-12-31	common stock (4000)	Direct

Footnotes

F1: Stock options granted under the NVR, Inc. 2014 Equity Incentive Plan vest in 25% increments on 12/31/18, 12/31/19, 12/31/20 and 12/31/21.

F2: Time-based stock options granted under the NVR, Inc. 2014 Equity Incentive Plan. Mr. Martchek also received performance-based options for an equal number of shares. The performance-based options will vest on the same terms as the time-based options, subject to an additional requirement that vesting of the options is based on the Company's return on capital performance during 2016 to 2018.