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Related Party Transactions
 12 Months Ended
Dec. 31, 2014
Related Party Transactions  
Related Party Transactions

 

14. Related Party Transactions

        Our chief executive officer, Michelle Dipp, M.D., Ph.D., has not historically received any cash compensation for her service as chief executive officer because of her service as a general partner of one of our principal stockholders. Pursuant to the terms of an employment agreement that we entered into with Dr. Dipp in December 2012, we granted Dr. Dipp an option to purchase 339,313 shares of our common stock and restricted stock units in the aggregate amount of 192,308 shares of our common stock (see Note 9). Pursuant to the term of stock option agreement that we entered into with Dr. Dipp in June 2014, we granted Dr. Dipp an option to purchase 500,000 shares of our common stock (Note 9). Pursuant to the terms of an employment agreement that we entered into with Dr. Dipp in December 2014, we granted Dr. Dipp an option to purchase 200,000 shares of our common stock and restricted stock units in the aggregate amount of 54,078 shares of our common stock (see Note 9). In addition, we may in the future determine to compensate Dr. Dipp with cash or other compensation.

        As discussed in Note 11, during 2011 and a portion of 2012, we leased office space from one of our principal stockholders.