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Stockholders’ Equity
12 Months Ended
Dec. 31, 2018
Stockholders Equity Note [Abstract]  
Stockholders’ Equity

7. Stockholders’ Equity

On March 8, 2018, the Company filed the 2018 Shelf Registration Statement covering the potential offering, issuance, and sale of an indeterminate amount of common stock, preferred stock, debt securities, warrants and/or units. In May 2018, the Company completed a follow-on offering under the 2018 Shelf Registration Statement pursuant to which the Company issued 3,750,000 shares of common stock at a price of $49.00 per share. In June 2018, the Company sold an additional 211,147 shares of common stock directly to the underwriters when they partially exercised their over-allotment option at the price of $49.00 per share. In the quarter ended June 30, 2018, the Company received proceeds totaling approximately $181.9 million from the offering, net of underwriting discounts and commissions and offering expenses, which includes approximately $9.7 million received due to the underwriters’ partial exercise of their over-allotment option.

Common Stock Reserved for Issuance

The Company has reserved shares of common stock, on an as-if-converted basis, for issuance as follows:

 

 

 

December 31,

2018

 

 

December 31,

2017

 

Options and awards issued and outstanding

 

 

3,864,407

 

 

 

2,964,549

 

Shares available for issuance under 2015 Stock Option and Incentive Plan

 

 

904,785

 

 

 

863,538

 

Shares available for issuance under 2015 Employee Stock Purchase Plan

 

 

780,716

 

 

 

449,444

 

Total

 

 

5,549,908

 

 

 

4,277,531

 

 

Preferred stock

As amended in November 2015, the Company's Certificate of Incorporation authorizes 5,000,000 shares of preferred stock at a par value of $0.0001 per share. As of December 31, 2018 and 2017, no preferred stock was issued or outstanding.