NVR INC — Director's Dealing 2017

May 4, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2017-05-03

Reporting Person: WHETSELL PAUL W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-03	NVR, Inc. common stock	M	764	$703.00	Acquired	1822	Direct
2017-05-03	NVR, Inc. common stock	M	650	$1094.22	Acquired	2472	Direct
2017-05-03	NVR, Inc. common stock	S	1414	$2101.34	Disposed	1058	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-03	Stock option (right to buy)	$703.00	M	764	Disposed	2020-05-10	Common stock (764)	Direct
2017-05-03	Stock option (right to buy)	$1094.22	M	650	Disposed	2024-05-13	Common stock (650)	Direct

Footnotes

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

F2: Stock options granted under the NVR, Inc. 2014 Equity Incentive Plan vest in 25% increments on 12/31/16, 12/31/17, 12/31/18 and 12/31/19.