NVR INC — Director's Dealing 2016

Jan 5, 2016

SEC Form 3 — Initial Statement of Beneficial Ownership

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

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

Holdings (Non-Derivative)

Security	Shares	Ownership
NVR, Inc. common stock	4473	Direct
NVR, Inc. common stock	2220	Indirect
NVR, Inc. common stock	114	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee stock option (right to buy)	$515.05	2018-01-02	common stock (1500)		Direct
Employee stock option (right to buy)	$434.25	2018-11-30	common stock (4000)		Direct
Employee stock option (right to buy)	$505.37	2019-04-30	common stock (5000)		Direct
Employee stock option (right to buy)	$703.00	2020-05-10	common stock (8822)		Direct
Employee stock option (right to buy)	$727.86	2021-02-28	common stock (4000)		Direct
Employee stock option (right to buy)	$1094.22	2024-05-13	common stock (9000)		Direct

Footnotes

F1: Options granted under the 2000 Broadly-Based Stock Option Plan vested 100% on 12/31/10.

F2: Options granted under the 2000 Broadly-Based Stock Option Plan vested in 25% increments on 12/31/11, 12/31/12, 12/31/13 and 12/31/14.

F3: Options granted under the 1998 Management Long-Term Stock Option Plan vested in 33% increments on 12/31/11, 12/31/12 and 12/31/13.

F4: Options granted under the 2010 Equity Incentive Plan vested in 50% increments on 12/31/13 and 12/31/14.

F5: Options granted under the 2010 Equity Incentive Plan vest in 25% increments on 12/31/16, 12/31/17, 12/31/18 and 12/31/19.

F6: Time-based stock options granted under the 2010 Equity Incentive Plan. Mr. Martchek also received performance-based options under the NVR, Inc. 2014 Equity Incentive Plan 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 2014 to 2016.