SOLESENCE, INC. — Director's Dealing 2008

Apr 16, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NANOPHASE TECHNOLOGIES CORPORATION (NANX)
CIK: 0000883107
Period of Report: 2008-04-14

Reporting Person: WHITMORE BRADFORD T (10% Owner)
Reporting Person: SPURGEON CORP (10% Owner)
Reporting Person: GRACE BROTHERS LTD (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-04-14	Common Stock	P	1624	$3.25	Acquired	3970744	Indirect
2008-04-14	Common Stock	P	5489	$3.26	Acquired	3976233	Indirect
2008-04-14	Common Stock	P	800	$3.27	Acquired	3977033	Indirect
2008-04-14	Common Stock	P	1600	$3.28	Acquired	3978633	Indirect
2008-04-14	Common Stock	P	1100	$3.29	Acquired	3979733	Indirect
2008-04-14	Common Stock	P	1700	$3.3	Acquired	3981433	Indirect
2008-04-14	Common Stock	P	1200	$3.31	Acquired	3982633	Indirect
2008-04-16	Common Stock	P	1500	$3.17	Acquired	3984133	Indirect
2008-04-16	Common Stock	P	668	$3.18	Acquired	3984801	Indirect
2008-04-16	Common Stock	P	500	$3.19	Acquired	3985301	Indirect
2008-04-16	Common Stock	P	500	$3.2	Acquired	3985801	Indirect
2008-04-16	Common Stock	P	200	$3.21	Acquired	3986001	Indirect
2008-04-16	Common Stock	P	400	$3.22	Acquired	3986401	Indirect
2008-04-16	Common Stock	P	2100	$3.24	Acquired	3988501	Indirect
2008-04-16	Common Stock	P	5000	$3.25	Acquired	3993501	Indirect
2008-04-16	Common Stock	P	700	$3.26	Acquired	3994201	Indirect
2008-04-16	Common Stock	P	300	$3.27	Acquired	3994501	Indirect
2008-04-16	Common Stock	P	700	$3.2771	Acquired	3995201	Indirect
2008-04-16	Common Stock	P	2350	$3.28	Acquired	3997551	Indirect
2008-04-16	Common Stock	P	1500	$3.29	Acquired	3999051	Indirect
2008-04-16	Common Stock	P	5300	$3.2972	Acquired	4004351	Indirect
2008-04-16	Common Stock	P	2300	$3.3	Acquired	4006651	Indirect
2008-04-16	Common Stock	P	10300	$3.31	Acquired	4016951	Indirect
2008-04-16	Common Stock	P	9100	$3.32	Acquired	4026051	Indirect
2008-04-16	Common Stock	P	11800	$3.33	Acquired	4037851	Indirect
2008-04-16	Common Stock	P	2900	$3.34	Acquired	4040751	Indirect
2008-04-16	Common Stock	P	2600	$3.35	Acquired	4043351	Indirect
2008-04-16	Common Stock	P	3000	$3.3583	Acquired	4046351	Indirect
2008-04-16	Common Stock	P	200	$3.36	Acquired	4046551	Indirect
2008-04-16	Common Stock	P	1300	$3.37	Acquired	4047851	Indirect

Footnotes

F1: As General Partner of Grace Brothers, Ltd. which owns 3,475,039 shares (after purchases through April 16, 2008) and as General Partner of Grace Investments, Ltd. which owns 300,000 shares, Bradford T. Whitmore is an indirect beneficial owner. As General Partner of Grace Brothers, Ltd. and as General Partner of Grace Investments, Ltd., Spurgeon Corporation is an indirect beneficial owner.

F2: Bradford T. Whitmore directly owns 272,812 shares.