SEC Form 4 · accession 0000906163-19-000011
NVR INC · NVR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul W Praylo
Officer — SVP, Chief Operating Officer
Period of report
Jan 28, 2019
Accepted (ET)
Jan 29, 2019 · 2:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000906163
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| NVR, Inc. common stockF1 | Jan 28, 2019 | A | 556 | $0.00 | A | 556 | D |
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)F2,F3 | $2,517.06 | Jan 28, 2019 | A | 9,142 | A | — | Jan 27, 2029 | Common stock | 9,142 | 9,142 | D |
Explanation of responses
- F1Restricted share units were granted under the 2010 Equity Incentive Plan and vest in 50% increments on 1/28/20 and 1/28/21.
- F2Stock options were granted under the 2010 Equity Incentive Plan and vest in 25% increments on 12/31/21, 12/31/22, 12/31/23 and 12/31/24.
- F3Time-based stock options were granted under the 2010 Equity Incentive Plan. Mr. Praylo also received performance-based options under the 2010 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 2019 through 2021.