NVR INC — Director's Dealing 2018

May 14, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2018-05-10

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-10	Employee stock option (right to buy)	$3022.99	A	7050	Acquired	2028-05-09	Common stock (7050.0)	Direct

Footnotes

F1: Stock options granted under the NVR, Inc. 2018 Equity Incentive Plan vest in 25% increments on 12/31/20, 12/31/21, 12/31/22 and 12/31/23.

F2: Time-based stock options granted under the NVR, Inc. 2018 Equity Incentive Plan. See NVR's Form 8-K filed on May 14, 2018 for discussion of performance-based stock options granted at the same time.