NVR INC — Director's Dealing 2018

Mar 1, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2018-03-01

Reporting Person: Kelpy Matthew B. (VP, Chief Accounting Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-01	Employee stock option (right to buy)	$2843.17	A	750	Acquired	2028-02-29	Common stock (750.0)	Direct

Footnotes

F1: Stock options granted under the 2014 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 2014 Equity Incentive Plan. Mr. Kelpy also received performance-based options under the 2014 Equity Incentive Plan for an equal number of shares. The performance-based options will vest on the same terms as the time-based options, subject to an additional requirement that vesting of the options is based on the Company's return on capital performance during 2018 to 2020.