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Common Stock
 3 Months Ended
Mar. 31, 2016
Common Stock.  
Common Stock

 

9. Common Stock

 

As of March 31, 2016, the amended and restated certificate of incorporation authorizes the Company to issue 290 million shares of common stock.

 

Each share of common stock is entitled to one vote. Common stockholders are entitled to dividends if and when declared by the board of directors. As of March 31, 2016, no dividends on common stock had been declared.

 

The Company has reserved shares of common stock, for issuance as follows:

 

 

 

March 31,

 

December 31,

 

 

 

2016

 

2015

 

 

 

 

 

 

 

Convertible preferred stock

 

—

 
14,274,741 

 

Shares available for future option grants

 
3,051,750 

 
2,559,499 

 

Outstanding options

 
1,787,386 

 
784,136 

 

Unvested restricted common stock (founders and early exercise of stock options)

 
840,236 

 
924,535 

 

Shares reserved for employee stock purchase plan

 
200,000 

 

—

 

 

 

 

 

 

 

Total

 
5,879,372 

 
18,542,911