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SOLESENCE, INC. Director's Dealing 2008

Jan 23, 2008

33563_dirs_2008-01-23_1c625c76-787f-4ba1-84c3-cb0f9a2fb8ab.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: 2008-01-22

Reporting Person: PERKINS DONALD S (Director)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-01-22 Stock Option (right to buy) $3.13 A 15000 Acquired 2018-01-22 Common Stock (15000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 42144 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (right to buy) $3.50 2008-10-29 Common Stock (25000) 20000 Direct
Stock Option (right to buy) $5.25 2008-06-10 Common Stock (2000) 667 Direct
Stock Option (right to buy) $5.75 2008-02-19 Common Stock (10000) 3334 Direct
Stock Option (right to buy) $1.75 2009-07-27 Common Stock (10000) 6667 Direct
Stock Option (right to buy) $9.92 2011-06-05 Common Stock (2000) 2000 Direct
Stock Option (right to buy) $3.78 2012-11-25 Common Stock (2000) 2000 Direct
Stock Option (right to buy) $5.07 2013-06-26 Common Stock (2000) 2000 Direct
Deferred Common Stock $ Common Stock (9290) 9290 Direct

Footnotes

F1: Subject to certain restrictions, beginning on this date, options vest in five equal installments.

F2: Subject to certain restrictions, beginning on this date, options vest in three equal annual installments.

F3: Subject to certain restrictions, beginning on this date, options vest in two equal annual installments.

F4: Each share of deferred common stock represents a right to receive one share of common stock.

F5: The deferred common stock becomes payable upon the reporting person's termination of service as a director of the Company.