NVR INC — Director's Dealing 2019

May 20, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2019-05-16

Reporting Person: SAVILLE PAUL C (Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-16	NVR, Inc. common stock	M	1000	$703	Acquired	113770	Direct
2019-05-16	NVR, Inc. common stock	S	1000	$3349.49	Disposed	112770	Direct
2019-05-17	NVR, Inc. common stock	M	2000	$703	Acquired	114770	Direct
2019-05-17	NVR, Inc. common stock	S	2000	$3338.83	Disposed	112770	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-05-16	Employee stock option (right to buy)	$703.0	M	1000	Disposed	2020-05-10	Common stock (1000.0)	Direct
2019-05-17	Employee stock option (right to buy)	$703.0	M	2000	Disposed	2020-05-10	Common stock (2000.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
NVR, Inc. common stock	3244	Indirect
NVR, Inc. common stock	4527	Indirect

Footnotes

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