SEC Form 4 · accession 0001209191-16-088506
NVR INC · NVR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey D Martchek
Officer — President of Homebuilding Ops
Period of report
Jan 1, 2016
Accepted (ET)
Jan 5, 2016 · 3:54 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 | $1,643.00 | Jan 1, 2016 | A | 4,000 | A | — | Dec 31, 2025 | common stock | 4,000 | 4,000 | D |
Explanation of responses
- F1Stock options granted under the NVR, Inc. 2014 Equity Incentive Plan vest in 25% increments on 12/31/18, 12/31/19, 12/31/20 and 12/31/21.
- F2Time-based stock options granted under the NVR, Inc. 2014 Equity Incentive Plan. Mr. Martchek 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 2016 to 2018.