SOLESENCE, INC. — Director's Dealing 2008

Mar 5, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NANOPHASE TECHNOLOGIES CORPORATION (NANX)
CIK: 0000883107
Period of Report: 2008-03-03

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
2008-03-03	Common Stock	P	220	$3.18	Acquired	3901790	Indirect
2008-03-03	Common Stock	P	1300	$3.32	Acquired	3903090	Indirect
2008-03-03	Common Stock	P	2089	$3.33	Acquired	3905179	Indirect
2008-03-03	Common Stock	P	3520	$3.34	Acquired	3908699	Indirect
2008-03-03	Common Stock	P	3475	$3.35	Acquired	3912174	Indirect
2008-03-03	Common Stock	P	1300	$3.3692	Acquired	3913474	Indirect
2008-03-03	Common Stock	P	500	$3.38	Acquired	3913974	Indirect
2008-03-03	Common Stock	P	2596	$3.39	Acquired	3916570	Indirect
2008-03-03	Common Stock	P	1700	$3.4	Acquired	3918270	Indirect
2008-03-03	Common Stock	P	9000	$3.4178	Acquired	3927270	Indirect
2008-03-04	Common Stock	P	1200	$3.24	Acquired	3928470	Indirect
2008-03-04	Common Stock	P	400	$3.28	Acquired	3928870	Indirect
2008-03-04	Common Stock	P	200	$3.29	Acquired	3929070	Indirect
2008-03-04	Common Stock	P	600	$3.3	Acquired	3929670	Indirect
2008-03-04	Common Stock	P	6350	$3.31	Acquired	3936020	Indirect
2008-03-04	Common Stock	P	800	$3.32	Acquired	3936820	Indirect
2008-03-05	Common Stock	P	8200	$3.23	Acquired	3945020	Indirect
2008-03-05	Common Stock	P	17900	$3.27	Acquired	3962920	Indirect

Footnotes

F1: As General Partner of Grace Brothers, Ltd. which owns 3,390,108 shares (after purchase through March 5, 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.