Net Loss per Share (Tables)

6 Months Ended

Jun. 30, 2015

	Three Months Ended June 30,		Six Months Ended June 30,
(In thousands)	2015(1)	2014	2015(2)	2014
Outstanding options and awards granted under equity incentive plan and employee stock purchase plan	5,440	6,136	5,653	5,942
Unvested RSAs	1,738	2,039	1,863	2,150
Shares issuable upon conversion of convertible subordinated notes	12,678	13,486	12,678	13,486

	19,856	21,661	20,194	21,578

(1)

Includes 4.2 million options, 0.4 million restricted stock units, and 1.1 million unvested RSAs retained by former employees who were transferred to Theravance Biopharma in connection with the Spin-Off during the three months ended June 30, 2015. Subsequent to the Spin-Off, stock-based compensation expense associated with the awards held by Theravance Biopharma employees granted prior to the Spin-Off is recognized by Theravance Biopharma.

(2)

Includes 4.4 million options, 0.5 million restricted stock units, and 1.2 million unvested RSAs retained by former employees who were transferred to Theravance Biopharma in connection with the Spin-Off during the six months ended June 30, 2015. Subsequent to the Spin-Off, stock-based compensation expense associated with the awards held by Theravance Biopharma employees granted prior to the Spin-Off is recognized by Theravance Biopharma.