NVR INC — Director's Dealing 2018

May 15, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2018-05-14

Reporting Person: Martchek Jeffrey D (President of Homebuilding Ops)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-14	NVR, Inc. common stock	M	248	$505.37	Acquired	4446	Direct
2018-05-14	NVR, Inc. common stock	S	248	$3064.06	Disposed	4198	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-14	Employee stock option (right to buy)	$505.37	M	248	Disposed	2019-04-30	Common stock (248.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
NVR, Inc. common stock	114	Indirect
NVR, Inc. common stock	2239	Indirect

Footnotes

F1: Stock options granted under the 1998 Management Long-Term Stock Option Plan vested in 33 1/3% increments on 12/31/11, 12/31/12 and 12/31/13.