7. Convertible Preferred Stock

On June 28, 2010, our registration statement on Form S-1 for our IPO was declared effective by the SEC and on July 2, 2010, we closed our IPO. As a result of the IPO, our convertible preferred stock was automatically converted into common stock.

The following table summarizes information related to our convertible preferred stock prior to their conversion into common stock:


	Par Value		Share Price at issuance		Authorized		Issued and Outstanding		Liquidation Preference		Proceeds, Net
	(In thousands except share and per share amounts)
Series A	$	0.001	$	0.49		7,213,000		7,213,000	$	3,556	$	3,549	*
Series B		0.001		0.74		17,459,456		17,459,456		12,920		12,899
Series C		0.001		1.14		35,893,172		35,242,290		40,000		39,789
Series D		0.001		2.44		18,440,449		18,440,449		45,000		44,941
Series E		0.001		2.51		112,897,905		102,776,779		258,175		135,669
Series F		0.001		2.97		30,000,000		27,785,263		82,500		82,378

Total						221,903,982		208,917,237	$	442,151	$	319,225

*	Net of $3.9 million conversion of Series A convertible preferred stock to common stock.

Each of our Series A, B, D, E and F convertible preferred stock converted on a 1:0.33 basis into common stock while the Series C convertible preferred stock converted on a 1:0.35 basis.

Dividends

No dividends on the convertible preferred stock have been declared by the Board of Directors from inception through their conversion into common stock.