Table:
| Period | Total Number of Shares Purchased | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Number (or Approximate Dollar Value) of Shares) that May Yet Be Purchased Under the Plans or Programs |
| --- | --- | --- | --- | --- |
| October 1, 2019 to October 31, 2019 | — | — | — | $4,803,723 |
| November 1, 2019 to November 30, 2019 | 11,386 | $2.12 | 11,386 | $4,779,620 |
| December 1, 2019 to December 31, 2019 | 153,431 | $2.18 | 153,431 | $4,445,258 |
| Total | 164,817 | $2.17 | 164,817 |  |
Paragraphs:
Stock Repurchases. On August 22, 2011, we established a share repurchase program ("Share Repurchase Program"). On June 11, 2019, our Board of Directors authorized an extension and increase of the Share Repurchase Program to repurchase up to $5,000,000 of shares of our common stock over the subsequent 24 month period (for a total authorization of approximately $22,000,000 since inception of the program in August 2011). The common stock may be repurchased from time to time in open market transactions or privately negotiated transactions in our discretion. The timing and amount of the shares repurchased is determined by management based on its evaluation of market conditions and other factors. The Share Repurchase Program may be increased, suspended or discontinued at any time.
During the months of October, November and December 2019, we repurchased common stock pursuant to our Share Repurchase Program as indicated below:
During the year ended December 31, 2019, we repurchased an aggregate of 335,372 shares of our common stock pursuant to our Share Repurchase Program at a cost of approximately $764,606 (exclusive of commissions) or an average price per share of $2.28.
During the year ended December 31, 2019, we repurchased an aggregate of 335,372 shares of our common stock pursuant to our Share Repurchase Program at a cost of approximately $764,606 (exclusive of commissions) or an average price per share of $2.28.
Since inception of our Share Repurchase Program (August 2011) to December 31, 2019, we repurchased an aggregate of 8,489,770 shares of our common stock at a cost of approximately $15,906,846 (exclusive of commissions) or an average per share price of $1.87.
Question:
What % of total shares purchased since the inception of the Share Repurchase Program were shares purchased during year ended December 31, 2019?
Answer: 335372/8489770 = 3.95