NVR INC — Director's Dealing 2017

May 2, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2017-05-01

Reporting Person: ANDREWS CHARLES ELLIOTT (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-01	NVR, Inc. common stock	M	1764	$703.00	Acquired	2902	Direct
2017-05-01	NVR, Inc. common stock	S	1764	$2103.21	Disposed	1138	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-01	Stock options (right to buy)	$703.00	M	1764	Disposed	2020-05-10	Common stock (1764)	Direct

Footnotes

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