SOLESENCE, INC. — Director's Dealing 2010

Dec 22, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NANOPHASE TECHNOLOGIES CORPORATION (NANX)
CIK: 0000883107
Period of Report: 2010-12-20

Reporting Person: WHITMORE BRADFORD T (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-20	Common Stock	P	590000	$1.07	Acquired	1014387	Direct
2010-12-20	Common Stock	S	590000	$1.07	Disposed	3573920	Indirect

Footnotes

F1: As a result of the transaction reported herein, Bradford T. Whitmore directly owns 1,014,387 shares of Common Stock. Bradford T. Whitmore is also an indirect beneficial owner, as General Partner of Grace Brothers, Ltd. of 3,573,920 shares, and General Partner of Grace Investments, Ltd., of 300,000 shares.

F2: Bradford T. Whimtore purchased 590,000 shares from Grace Brothers, Ltd. in a private transaction.