AUTONATION, INC. — Director's Dealing 2014

May 23, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AUTONATION, INC. (AN)
CIK: 0000350698
Period of Report: 2014-05-23

Reporting Person: FERRANDO JONATHAN P (EVP - GC, Corp Dev & HR)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-23	Common Stock, par value $0.01 per share	M	10000	$10.17	Acquired	56000	Direct
2014-05-23	Common Stock, par value $0.01 per share	S	10000	$56.297	Disposed	46000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-23	Employee Stock Option (right to buy)	$10.17	M	10000	Disposed	2018-07-30	Common Stock, par value $0.01 per share (10000.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.01 per share	1767	Indirect

Footnotes

F1: Includes 33,000 shares owned by the reporting person and his wife as tenants by the entirety.

F2: This transaction was executed in multiple trades at prices ranging from $56.15 to $56.42. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

F3: The option became exercisable in 25% annual increments on each of the first four anniversaries of July 30, 2008.