NVR INC — Director's Dealing 2017

Jan 30, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2017-01-27

Reporting Person: Martinez Melquiades R. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-27	NVR, Inc. common stock	M	844	$899.84	Acquired	975	Direct
2017-01-27	NVR, Inc. common stock	M	325	$1094.22	Acquired	1300	Direct
2017-01-27	NVR, Inc. common stock	S	1169	$1855.03	Disposed	131	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-27	Stock option (right to buy)	$899.84	M	844	Disposed	2022-11-30	Common stock (844)	Direct
2017-01-27	Stock option (right to buy)	$1094.22	M	325	Disposed	2024-05-13	Common stock (325)	Direct

Footnotes

F1: Options granted under the 2010 Equity Incentive Plan vest in 50% increments on 12/31/16 and 12/31/17.

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.