Common stock and preferred stock

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

Common stock and preferred stock

9. Common stock and preferred stock

The Company is authorized to issue 125,000,000 shares of common stock. Holders of common stock are entitled to one vote per share. Holders of common stock are entitled to receive dividends, if and when declared by the Company’s Board of Directors, and to share ratably in the Company’s assets legally available for distribution to the Company’s shareholders in the event of liquidation. Holders of common stock have no preemptive, subscription, redemption or conversion rights.

The Company is authorized to issue 5,000,000 shares of preferred stock in one or more series and to fix the powers, designations, preferences and relative participating option or other rights thereof, including dividend rights, conversion rights, voting rights, redemption terms, liquidation preferences and the number of shares constituting any series, without any further vote or action by the Company’s shareholders. As of December 31, 2016 and 2015, the Company had no shares of preferred stock issued or outstanding.

Reserved for future issuance

The Company has reserved for future issuance the following number of shares of common stock (in thousands):

	December 31,
	2016		2015
Options to purchase common stock		3,735		3,532
Restricted stock units		263		148
2013 Stock Option and Incentive Plan		1,226		565
2013 Employee Stock Purchase Plan		209		227
		5,433		4,472