SOLESENCE, INC. — Director's Dealing 2012

Mar 16, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NANOPHASE TECHNOLOGIES CORPORATION (NANX)
CIK: 0000883107
Period of Report: 2012-03-14

Reporting Person: WHITMORE BRADFORD T (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-14	Common Stock	P	1152002	$0.38	Acquired	2507029	Direct
2012-03-14	Common Stock	S	1152002	$0.38	Disposed	2421918	Indirect

Footnotes

F1: As a result of the transaction reported herein, Bradford T. Whitmore directly owns 2,507,029 shares of Common Stock. Bradford T. Whitmore is also an indirect beneficial owner, as General Partner of Grace Brothers, Ltd. of 2,421,918 shares, and General Partner of Grace Investments, Ltd., of 300,000 shares.

F2: Bradford T. Whitmore purchased 1,152,002 shares from Grace Brothers, Ltd. in a private transaction.