SOLESENCE, INC. — Director's Dealing 2011

Dec 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NANOPHASE TECHNOLOGIES CORPORATION (NANX)
CIK: 0000883107
Period of Report: 2011-12-21

Reporting Person: WHITMORE BRADFORD T (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-21	Common Stock	P	810	$0.4333	Acquired	1220153	Direct
2011-12-21	Common Stock	P	1679	$0.4399	Acquired	1221832	Direct
2011-12-21	Common Stock	P	6050	$0.44	Acquired	1227882	Direct
2011-12-22	Common Stock	P	2000	$0.4355	Acquired	1229882	Direct
2011-12-22	Common Stock	P	5645	$0.44	Acquired	1235527	Direct
2011-12-23	Common Stock	P	100	$0.4386	Acquired	1235627	Direct
2011-12-23	Common Stock	P	200	$0.4389	Acquired	1235827	Direct
2011-12-23	Common Stock	P	200	$0.4395	Acquired	1236027	Direct
2011-12-23	Common Stock	P	100	$0.4397	Acquired	1236127	Direct
2011-12-23	Common Stock	P	79400	$0.44	Acquired	1315527	Direct

Footnotes

F1: As a result of the transactions reported herein, Bradford T. Whitmore owns 1,315,527 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.