Compiling with API level 16 [on hold]

I was trying to compile an Android with against API level 16. However I getting following error? Is it possible to compile an app with API level 16 using android studio now?

Error:(50, 21) No resource found that matches the given name: attr android:actionModeShareDrawable'

Error:(6, 21) No resource found that matches the given name: attr 'android:paddingEnd'

Error:(11, 21) No resource found that matches the given name: attr 'android:layout_marginEnd'

Error:(10, 21) No resource found that matches the given name: attr 'android:paddingStart'.

Error:(6, 21) No resource found that matches the given name: attr 'android:paddingEnd'

Error:(24, 21) No resource found that matches the given name: attr 'android:layout_marginStart'.

Error goes like that.. Total 118 errors..

Following is what I have installed in my Android Studio:

1. Android SDK Tools 24.0.2


2. Android SDK Platform-Tools 21


3. Android SDK build tools 20


4. Android 4.1.2 (API 16)

I had set Compile with : API level 16 also

Is there anything else required to compile it with API level 16 ? How can I get rid of these errors? Could someone help me with this ? Thank you so much.