Stockholders' Equity

3 Months Ended

Mar. 31, 2019

Stockholders’ Equity

Common Stock

We are authorized to issue 600,000,000 shares of common stock as of March 31, 2019. Holders of our common stock are not entitled to receive dividends unless declared by our board of directors. As of March 31, 2019, we had 184,739,169 shares of common stock outstanding and had reserved shares of common stock for future issuance as follows:



	March 31, 2019
Stock plans:
Options outstanding	1,579,022
RSUs⁽¹⁾	12,161,981
Shares of common stock available for future grants:
2012 Equity Incentive Plan⁽²⁾	28,705,526
2012 Employee Stock Purchase Plan⁽²⁾	10,396,547
Total shares of common stock reserved for future issuance	52,843,076


(1)	Represents the number of shares issuable upon settlement of outstanding RSUs and performance RSUs, assuming 100% of the target number of shares for performance RSUs, as discussed under the section entitled “RSUs” in Note 13.


(2)	Refer to Note 13 for a description of these plans.

During the three months ended March 31, 2019 and 2018, we issued a total of 1,882,821 shares and 2,287,099 shares, respectively, from stock option exercises, vesting of restricted stock units (RSUs), net of employee payroll taxes, and purchases from the employee stock purchase plan (ESPP). As described in Note 10, we issued approximately 2.7 million shares of our common stock upon the automatic exercise of a portion of the 2018 Warrants during the three months ended March 31, 2019.