Net Loss per Share (Tables)

9 Months Ended

Sep. 30, 2015

	Three Months Ended September 30,		Nine Months Ended September 30,
(In thousands)	2015 (1)	2014	2015 (2)	2014
Outstanding options and awards granted under equity incentive plan and employee stock purchase plan	5,070	6,771	5,459	6,218
Unvested RSAs	1,489	1,782	1,738	1,782
Shares issuable upon conversion of convertible subordinated notes	12,904	12,100	12,904	12,100

	19,463	20,653	20,101	20,100

(1)

Includes 4.0 million options, 0.3 million restricted stock units, and 0.8 million unvested RSAs retained by former employees who were transferred to Theravance Biopharma in connection with the Spin-Off during the three months ended September 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 4.2 million options, 0.4 million restricted stock units, and 1.0 million unvested RSAs retained by former employees who were transferred to Theravance Biopharma in connection with the Spin-Off during the nine months ended September 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.