In paper short description of construction and functioning of pneumatic hammer with air distribution system based on application of elastic valve in exhaust line of reverse chamber is carried out. Using specified parameters of pneumatic hammer (percussion energy, percussion speed, ration of chamber squares, form of working chamber, compressed air pressure and etc.) mass of striking pin, working path, diameters of working chamber and cylindrical part of reverse chamber, dimensions of circle elastic valve are calculated. Proposed method of calculation considers change of cross-section of reverse chamber when striking pin moves back. Obtained calculated values have allowed to develop diagram chart of change of air pressure in reverse chamber in dependence on time.