NVR INC — Director's Dealing 2018

May 10, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2018-05-08

Reporting Person: SCHAR DWIGHT C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-08	NVR, Inc. common stock	M	2516	$703	Acquired	70357	Direct
2018-05-08	NVR, Inc. common stock	S	2516	$3101.56	Disposed	67841	Direct
2018-05-09	NVR, Inc. common stock	M	2538	$703	Acquired	70379	Direct
2018-05-09	NVR, Inc. common stock	S	2538	$3011.45	Disposed	67841	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-08	Stock option (right to buy)	$703.0	M	2516	Disposed	2020-05-10	Common stock (2516.0)	Direct
2018-05-09	Stock option (right to buy)	$703.0	M	2538	Disposed	2020-05-10	Common stock (2538.0)	Direct

Footnotes

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