NVR INC — Director's Dealing 2020

Feb 25, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2020-02-21

Reporting Person: BAILEY SALLIE B (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-21	Stock option (right to buy)	$4037.77	A	410	Acquired	2030-02-20	Common stock (410.0)	Direct

Footnotes

F1: Stock options were granted under the NVR, Inc. 2018 Equity Incentive Plan and vest in 25% increments on 12/31/22, 12/31/23, 12/31/24 and 12/31/25.

F2: Time-based stock options granted under the NVR, Inc. 2018 Equity Incentive Plan. The director also received performance-based options 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 2020 through 2022.