Common Shares Reserved for Issuance

3 Months Ended

Mar. 31, 2020

Under our amended and restated certificate of incorporation, we are authorized to issue 100,000,000 shares of convertible preferred stock with a par value of $0.0001 per share, none of which were issued and outstanding as of March 31, 2020 or December 31, 2019.

Under our amended and restated certificate of incorporation, we are authorized to issue 1,000,000,000 shares of common stock with a par value of $0.0001 per share as of March 31, 2020 and December 31, 2019. Each share of common stock outstanding is entitled to one vote. The holders of common stock are also entitled to receive dividends whenever funds are legally available and when declared by our Board of Directors, subject to the prior rights of holders of all classes of convertible preferred stock outstanding.

We had reserved shares of common stock for issuance as follows (in thousands):



	As of March 31, 2020	As of December 31, 2019
Reserved under stock award plans	45,595	37,982
Convertible senior notes	35,442	35,442
Employee Stock Purchase Plan (ESPP)	5,656	3,428
Total	86,693	76,852