NVR INC — Director's Dealing 2018

Mar 1, 2018

SEC Form 3 — Initial Statement of Beneficial Ownership

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

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

Holdings (Non-Derivative)

Security	Shares	Ownership
NVR, Inc. common stock	4	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee stock option (right to buy)	$1934.97	2027-02-28	Common stock (1500.0)		Direct

Footnotes

F1: Stock options granted under the 2014 Equity Incentive Plan vest in 25% increments on 12/31/19, 12/31/20, 12/31/21 and 12/31/22.

F2: Time-based stock options granted under the 2010 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 2017 to 2019.