10. Share Capital

As of December 31, 2015 and September 30, 2016, the Company had 5,528,079 and 5,662,126 registered Common Shares, respectively, and 18,837,024 and 27,135,884 registered Preferred Shares, respectively, outstanding with a par value of CHF 0.03 per share in share capital. Of the 5,662,126 Common Shares registered at September 30, 2016, 97,744 of these relate to an unvested restricted share award, and are not considered outstanding. Outstanding share capital also includes 8,747 vested restricted shares and 8,900 exercised stock options, which are authorized in conditional capital but not yet registered in the Swiss Commercial Register as issued share capital.

The voting, dividend and liquidation rights of the holders of Common Shares are subject to and qualified by the rights, powers and preferences of the holders of Preferred Shares and are included in the Prospectus. There were no changes to the voting, dividend and liquidation rights of the holders of Common Shares during the nine months ended September 30, 2016.

Conditional Capital

Since inception, the Company has created conditional capital for the establishment of its 2015 option and grant plan (the “2015 Plan”), shares issuable under the terms of the call option agreement with Dr. Charpentier, and Preferred Shares issuable under the terms of the convertible loan financings.

In July 2016, the Company created additional conditional capital which would enable an increase in its share capital of up to 34,329,942 Common Shares, with a par value of CHF 0.03 per share, to be used in the IPO, the concurrent private placement, bonds and similar debt instruments post-IPO, and employee benefit plans.

Conditional Capital Reserved for Future Issuance

The Company had the following conditional capital reserved for future issuance:


Type of Share Capital	Conditional Capital	As of September 30, 2016		As of December 31, 2015
Common Shares	Charpentier Call Option		328,017		328,017
Common Shares	Vested unissued restricted share awards under 2015 Plan		8,747		—
Common Shares	Unvested unissued restricted share awards under 2015 Plan		166,667		142,794
Common Shares	Exercised options under the 2015 Plan		8,900		—
Common Shares	Outstanding stock options awards under 2015 Plan		3,558,998		1,939,986
Common Shares	Reserved for future issuance under the 2015 Plan		52,322		33,567
Common Shares	Shares available for IPO		16,399,005		—
Common Shares	Shares available for concurrent private placement		2,605,330		—
Common Shares	Shares available for bonds and similar debt instruments		4,919,700		—
Common Shares	Shares available for employee benefit plans		10,405,907		—

	Total		38,453,593		2,444,364