Stock-Based Compensation

9 Months Ended

Sep. 30, 2016

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

NOTE 7—STOCK-BASED COMPENSATION

The following table shows total stock-based compensation expense included in the condensed consolidated statements of operations for the three and nine months ended September 30, 2016 and 2015 (in thousands):

	Three months ended				Nine months ended
	September 30,				September 30,
	2016		2015		2016		2015
Research and development	$	1,790	$	1,595	$	5,368	$	5,020
General and administrative		945		1,233		7,760		3,644
Total stock-based compensation expense	$	2,735	$	2,828	$	13,128	$	8,664

For the nine months ended September 30, 2016 the Company recognized $4.1 million in stock-based compensation expense and $2.0 million in salaries and benefits associated with separation costs for the transition of the Company’s CEO in June 2016.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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