NVR INC — Director's Dealing 2017

Feb 6, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2017-02-02

Reporting Person: Henley Robert W (President, NVRM, Inc.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-02	NVR, Inc. common stock	M	3000	$703.00	Acquired	3000	Direct
2017-02-02	NVR, Inc. common stock	S	3000	$1875.34	Disposed	0	Direct
2017-02-03	NVR, Inc. common stock	M	1000	$703.00	Acquired	1000	Direct
2017-02-03	NVR, Inc. common stock	S	1000	$1885.00	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-02	Employee stock option (right to buy)	$703.00	M	3000	Disposed	2020-05-10	Common stock (3000)	Direct
2017-02-03	Employee stock option (right to buy)	$703.00	M	1000	Disposed	2020-05-10	Common stock (1000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
NVR, Inc. common stock	1122	Indirect
NVR, Inc. common stock	248	Indirect

Footnotes

F1: Options granted under the 2000 Broadly-Based Stock Option Plan vested in 50% increments on 12/31/13 and 12/31/14.