NVR INC — Director's Dealing 2017

May 24, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2017-05-22

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-22	NVR, Inc. common stock	M	1000	$434.25	Acquired	5323	Direct
2017-05-22	NVR, Inc. common stock	S	1000	$2352.35	Disposed	4323	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-22	Employee stock option (right to buy)	$434.25	M	1000	Disposed	2018-11-30	Common stock (1000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
NVR, Inc. common stock	2235	Indirect
NVR, Inc. common stock	114	Indirect

Footnotes

F1: 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.