SOLESENCE, INC. — Director's Dealing 2008

Jan 29, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NANOPHASE TECHNOLOGIES CORPORATION (NANX)
CIK: 0000883107
Period of Report: 2008-01-25

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
2008-01-28	Common Stock	P	3510	$3.7494	Acquired	3638882	Indirect
2008-01-28	Common Stock	P	1100	$3.75	Acquired	3639982	Indirect
2008-01-28	Common Stock	P	2100	$3.76	Acquired	3642082	Indirect
2008-01-28	Common Stock	P	7500	$3.7999	Acquired	3649582	Indirect
2008-01-29	Common Stock	P	100	$3.74	Acquired	3649682	Indirect
2008-01-29	Common Stock	P	2500	$3.77	Acquired	3652182	Indirect
2008-01-29	Common Stock	P	700	$3.78	Acquired	3652882	Indirect
2008-01-29	Common Stock	P	1100	$3.8	Acquired	3653982	Indirect
2008-01-29	Common Stock	P	300	$3.81	Acquired	3654282	Indirect
2008-01-29	Common Stock	P	1999	$3.82	Acquired	3656281	Indirect
2008-01-29	Common Stock	P	1600	$3.83	Acquired	3657881	Indirect
2008-01-29	Common Stock	P	2601	$3.84	Acquired	3660482	Indirect
2008-01-29	Common Stock	P	500	$3.85	Acquired	3660982	Indirect
2008-01-29	Common Stock	P	1633	$3.86	Acquired	3662615	Indirect
2008-01-29	Common Stock	P	2600	$3.87	Acquired	3665215	Indirect
2008-01-29	Common Stock	P	6000	$3.88	Acquired	3671215	Indirect
2008-01-29	Common Stock	P	13700	$3.89	Acquired	3684915	Indirect
2008-01-29	Common Stock	P	17356	$3.9	Acquired	3702271	Indirect
2008-01-29	Common Stock	P	3000	$3.91	Acquired	3705271	Indirect
2008-01-29	Common Stock	P	3500	$3.92	Acquired	3708771	Indirect
2008-01-29	Common Stock	P	142	$3.925	Acquired	3708913	Indirect
2008-01-29	Common Stock	P	948	$3.93	Acquired	3709861	Indirect
2008-01-29	Common Stock	P	2158	$3.94	Acquired	3712019	Indirect
2008-01-29	Common Stock	P	1200	$3.95	Acquired	3713219	Indirect
2008-01-29	Common Stock	P	1300	$3.97	Acquired	3714519	Indirect
2008-01-29	Common Stock	P	13466	$3.98	Acquired	3727985	Indirect
2008-01-29	Common Stock	P	16700	$3.99	Acquired	3744685	Indirect

Footnotes

F1: As General Partner of Grace Brothers, Ltd. which owns 3,171,873 shares (after purchases through January 29, 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 Brothes, 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.

F3: This is a continuing Form 4 reflecting the remaining transactions from a previous filing.