Common Shares Reserved for Issuance

12 Months Ended

Dec. 31, 2015

Equity [Abstract]

Common Shares Reserved for Issuance

Common Shares Reserved for Issuance

Prior to its IPO, the Company had outstanding 11,164,000 shares designated as Series A convertible preferred stock, 10,985,000 shares designated as Series B convertible preferred stock, 7,049,000 designated as Series C convertible preferred stock, 26,231,000 designated as Series D convertible preferred stock, 4,412,000 designated as Series E convertible preferred stock, and 4,274,000 designated as Series F convertible preferred stock. Immediately prior to the completion of the Company’s IPO in September 2013, all shares of outstanding preferred stock automatically converted into 74,221,553 shares of common stock. After its IPO, the Company had 100,000,000 shares of preferred stock authorized, none of which were issued and outstanding as of December 31, 2015 and 2014.

Under our amended and restated certificate of incorporation, we are authorized to issue 1,000,000,000shares of common stock with a par value of $0.0001 per share as of December 31, 2015 and 2014. Each share of common stock outstanding is entitled to one vote. The holders of common stock are also entitled to receive dividends whenever funds are legally available and when declared by the Board of Directors, subject to the prior rights of holders of all classes of convertible preferred stock outstanding.

As of December 31, 2015and 2014, we had reserved shares of common stock for issuance as follows (in thousands):

	As of December 31,
	2015	2014
Reserved under stock award plans	38,500	38,879
Convertible Senior Notes	15,141	—
ESPP	3,214	2,683
Total	56,855	41,562