Common Shares Reserved for Issuance

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Common Shares Reserved for Issuance

Common Shares Reserved for Issuance

We have 100,000,000 shares of convertible preferred stock with a par value of $0.0001 per share authorized, none of which were issued and outstanding as of March 31, 2016 or December 31, 2015.

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 March 31, 2016 and December 31, 2015. 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.

We had reserved shares of common stock for issuance as follows (in thousands):

	As of March 31, 2016	As of December 31, 2015
Reserved under stock award plans	44,443	38,500
Convertible Senior Notes	15,141	15,141
ESPP	4,830	3,214
Total	64,414	56,855