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SOLESENCE, INC. Director's Dealing 2008

Feb 28, 2008

33563_dirs_2008-02-28_294b1a40-4d0b-448b-a046-79ba4b1aaff1.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NANOPHASE TECHNOLOGIES CORPORATION (NANX)
CIK: 0000883107
Period of Report: 2008-02-26

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
2008-02-26 Common Stock P 500 $3.33 Acquired 3901570 Indirect

Footnotes

F1: As General Partner of Grace Brothers, Ltd. which owns 3,328,758 shares (after purchases through February 28, 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.