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Treasury Stock
3 Months Ended
Mar. 31, 2012
Treasury Stock
Note 10.               Treasury Stock

On August 5, 2011, our Board of Directors authorized the repurchase of up to $300 million of our common stock, inclusive of prior authorizations, from time to time through and including December 31, 2014. Pursuant to this authorization, we repurchased 114,199 shares of our common stock at an average price per share of $43.92, for a total purchase price of $5.0 million, during the quarter ended March 31, 2012.

During the first three months of 2012, we issued 113,720 treasury shares which had an average cost of $6.63 per share for restricted stock units that vested during the period.  In accordance with the Silgan Holdings Inc. 2004 Stock Incentive Plan, we repurchased 39,510 shares of our common stock at an average cost of $42.83 to satisfy minimum employee withholding tax requirements resulting from certain restricted stock units becoming vested.  We account for the treasury shares using the first-in, first-out (FIFO) cost method.  As of March 31, 2012, 17,675,896 shares were held in treasury.