NVR INC - Director's Dealing 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2018-10-22

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

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-10-22	NVR, Inc. common stock	M	4500	$844.50	Acquired	4500	Direct
2018-10-22	NVR, Inc. common stock	S	4500	$2150.38	Disposed	0	Direct
2018-10-23	NVR, Inc. common stock	M	500	$844.50	Acquired	500	Direct
2018-10-23	NVR, Inc. common stock	M	9850	$1094.22	Acquired	10350	Direct
2018-10-23	NVR, Inc. common stock	S	10350	$2143.53	Disposed	0	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-10-22	Employee stock option (right to buy)	$844.5	M	4500	Disposed	2022-09-30	Common stock (4500.0)	Direct
2018-10-23	Employee stock option (right to buy)	$844.5	M	500	Disposed	2022-09-30	Common stock (500.0)	Direct
2018-10-23	Employee stock option (right to buy)	$1094.22	M	9850	Disposed	2024-05-13	Common stock (9850.0)	Direct

Security	Shares	Ownership
NVR, Inc. common stock	1133	Indirect
NVR, Inc. common stock	248	Indirect

F1: Stock options granted under the 2010 Equity Incentive Plan vest in 25% increments on 12/31/14, 12/31/15, 12/31/16 and 12/31/17.

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