SEC Form 4 · accession 0000906163-18-000015
NVR INC · NVR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew B. Kelpy
Officer — VP, Chief Accounting Officer
Period of report
Mar 1, 2018
Accepted (ET)
Mar 1, 2018 · 4:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000906163
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee stock option (right to buy)F1,F2 | $2,843.17 | Mar 1, 2018 | A | 750 | A | — | Feb 29, 2028 | Common stock | 750 | 750 | D |
Explanation of responses
- F1Stock 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.
- F2Time-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.