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SOLESENCE, INC. Director's Dealing 2016

May 12, 2016

33563_dirs_2016-05-12_cfa41537-c423-4c4a-9ebe-939f7e323211.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NANOPHASE TECHNOLOGIES Corp (NANX)
CIK: 0000883107
Period of Report: 2015-02-27

Reporting Person: HENDERSON JAMES A (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2015-02-27 Common Stock P 27 $0.51 Acquired 376620 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (right to buy) $1.36 2021-01-31 Common Stock (10000) 10000 Direct
Deferred Common Stock $ Common Stock (20030) 20030 Direct
Stock Appreciation Right $ Common Stock (14000) 14000 Direct
Stock Option (right to buy) $0.30 2022-08-07 Common Stock (15000) 15000 Direct
Stock Option (right to buy) $0.415 2023-02-14 Common Stock (15000) 15000 Direct
Stock Option (right to buy) $0.52 2024-02-13 Common Stock (15000) 15000 Direct
Common Stock (right to buy) $0.44 2025-02-18 Common Stock (13500) 13500 Direct
Common Stock $0.42 2026-02-23 Common Stock (12150) 12150 Direct

Footnotes

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

F2: Each share of deferred common stock represents a right to receive one share of common stock.

F3: The deferred common stock becomes payable upon the reporting person's termination of service as a director of the Company.

F4: Pursuant to such plan, the reporting person elected to defer receipt of such shares and receive a cumulative total of 20,030 shares of deferred common stock which will all be accounted for under the Company's Non-Employee Director Deferred Compensation Plan.

F5: The stock appreciation right becomes payable upon the reporting person's termination of service as a director of the Company. 2,000 were issued 4/8/2009 at a conversion price of $0.90, 2,000 were issued 7/1/2009 at a conversion price of $1.05, 2,000 were issued 10/1/2009 at a conversion price of $1.18, 2,000 were issued 1/4/2010 at a conversion price of $0.84, 2,000 were issued 4/1/2010 at a conversion price of $1.85, 2,000 were issued 7/1/2010 at a conversion price of $1.10, and 2,000 were issued 10/1/2010 at a conversion price of $0.99.

F6: Subject to certain rights and restrictions, options vest in three equal annual installments.