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Shareholders' Equity
9 Months Ended
Sep. 30, 2020
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 EndedNine Months Ended
 September 30,September 30,
 2020201920202019
Shares repurchased— — 2.5 1.3
Aggregate purchase price$— $— $80.0 $44.7 
Average purchase price per share$— $— $31.95 $35.51 

In October 2020, our Board of Directors increased the share repurchase authorization to $500 million.
A summary of shares of common stock issued in connection with the exercise of stock options follows:
Three Months EndedNine Months Ended
 September 30,September 30,
 2020201920202019
Shares issued 0.6 0.1 0.7 0.2 
Proceeds from the exercise of stock options $30.5 $4.9 $31.5 $8.0 
Average exercise price per share$48.86 $35.61 $46.37 $33.70 
The following table presents a summary of shares of common stock issued in connection with the settlement of RSUs, as well as shares surrendered to AutoNation to satisfy tax withholding obligations in connection with the vesting of restricted stock and settlement of RSUs:
Three Months EndedNine Months Ended
 September 30,September 30,
(In actual number of shares)2020201920202019
Shares issued10,896 2,045 512,917 306,346 
Shares surrendered to AutoNation to satisfy tax withholding obligations
4,288 899 190,888 85,331