Quarterly report pursuant to Section 13 or 15(d)

Convertible Preferred Stock (Tables)

v2.4.0.8
Convertible Preferred Stock (Tables)
 6 Months Ended
Jun. 30, 2014
Redeemable convertible preferred stock
  
Summary of Convertible Preferred Stock

A summary of the terms of the various types of redeemable convertible preferred stock at June 30, 2014, and December 31, 2013 is as follows:

 

Redeemable convertible preferred stock as of June 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Series

 

B

 

 

C

 

 

D

 

 

E

 

 

F

 

 

G

 

 

Total

 

Shares authorized

 

 

500,000

 

 

 

400,000

 

 

 

1,700,000

 

 

 

1,700,000

 

 

 

2,800,000

 

 

 

2,900,000

 

 

 

10,000,000

 

Shares issued

 

 

425,511

 

 

 

376,997

 

 

 

1,584,541

 

 

 

1,634,874

 

 

 

2,701,957

 

 

 

2,840,260

 

 

 

9,564,140

 

Shares converted

 

 

(425,511

)

 

 

(376,997

)

 

 

(1,584,541

)

 

 

(1,634,874

)

 

 

(2,701,957

)

 

 

(2,840,260

)

 

 

(9,564,140

)

Shares outstanding

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Redeemable convertible preferred stock as of December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Series

 

B

 

 

C

 

 

D

 

 

E

 

 

F

 

 

G

 

 

Total

 

Shares authorized

 

 

500,000

 

 

 

400,000

 

 

 

1,700,000

 

 

 

1,700,000

 

 

 

2,800,000

 

 

 

2,900,000

 

 

 

10,000,000

 

Shares issued

 

 

425,511

 

 

 

365,903

 

 

 

1,573,126

 

 

 

1,634,874

 

 

 

2,701,957

 

 

 

2,840,260

 

 

 

9,541,631

 

Par value

 

$

0.001

 

 

$

0.001

 

 

$

0.001

 

 

$

0.001

 

 

$

0.001

 

 

$

0.001

 

 

 

 

 

Conversion rate

 

 

1.45108

 

 

 

1.73014

 

 

 

1.87951

 

 

 

2.69244

 

 

 

1.0000

 

 

 

1.0000

 

 

 

 

 

Liquidation preference per

   share

 

$

11.880

 

 

$

17.580

 

 

$

21.900

 

 

$

19.224

 

 

$

7.140

 

 

$

14.083

 

 

 

 

 

Dividend rate

 

 

5

%

 

 

8

%

 

 

8

%

 

 

8

%

 

 

8

%

 

 

8

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July

 

 

October

 

 

February

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2005 to

 

 

2007 to

 

 

2010 to

 

 

March

 

 

 

 

 

Issue date

 

July 2003

 

 

June 2004

 

 

July 2007

 

 

February  2009

 

 

June 2010

 

 

2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Redemption date

 

January 1,

 

 

January 1,

 

 

January 1,

 

 

January 1,

 

 

January 1,

 

 

January 1,

 

 

 

 

 

 

 

2016

 

 

2016

 

 

2016

 

 

2016

 

 

2016

 

 

2016

 

 

 

 

 

 
Nonredeemable Convertible Preferred Stock
  
Summary of Convertible Preferred Stock

A summary of the terms of non-redeemable convertible preferred stock at June 30, 2014 and December 31, 2013 is as follows:

 

As of June 30, 2014

 

 

 

 

Series A

 

 

 

 

Shares authorized

 

 

100,000

 

Share issued

 

 

66,666

 

Shares converted

 

 

(66,666

)

Shares outstanding

 

 

-

 

 

 

 

 

 

As of December 31, 2013

 

 

 

 

Series A

 

 

 

 

Shares authorized

 

 

100,000

 

Share issued

 

 

66,666

 

Par value

 

$

0.001

 

Conversion rate

 

 

1.01706

 

Liquidation preference per share

 

$

3.750

 

Dividend rate

 

 

5

%

Issue date

 

May 2002