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Shareholders' Equity
 3 Months Ended
Mar. 31, 2017
Stockholders' Equity Note [Abstract]  
Shareholders' Equity
SHAREHOLDERS’ EQUITY
A summary of shares repurchased under our stock repurchase program authorized by our Board of Directors follows:
 
Three Months Ended
 
March 31,
 
2017
 
2016
Shares repurchased
—

 
7.9

Aggregate purchase price
$
—

 
$
370.6

Average purchase price per share
$
—

 
$
47.20



As of March 31, 2017, $298.6 million remained available for share repurchases under the program.
A summary of shares of common stock issued in connection with the exercise of stock options follows:
 
Three Months Ended
 
March 31,
 
2017
 
2016
Shares issued (in actual number of shares)
632,041

 
26,261

Proceeds from the exercise of stock options
$
21.5

 
$
0.6

Average exercise price per share
$
34.03

 
$
22.94



The following table presents a summary of shares of common stock issued in connection with grants of restricted stock and shares surrendered to AutoNation to satisfy tax withholding obligations in connection with the vesting of restricted stock (in actual number of shares):
 
Three Months Ended
 
March 31,
 
2017
 
2016
Shares issued
—

 
138,424

Shares surrendered to AutoNation to satisfy tax withholding obligations in connection with the vesting of restricted stock
8,124

 
8,760



The 2017 annual equity awards were granted on April 19, 2017. See Note 8 of the Notes to Unaudited Condensed Consolidated Financial Statements for more information.