R. Janet Whitmore - 31 May 2024 Form 4 Insider Report for NANOPHASE TECHNOLOGIES Corp (SLSN)

Role
Director
Signature
/s/ Jess Jankowski under UPA for R. Janet Whitmore
Issuer symbol
SLSN
Transactions as of
31 May 2024
Net transactions value
+$32,900
Form type
4
Filing time
04 Jun 2024, 18:49:19 UTC
Previous filing
24 May 2024
Next filing
12 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NANX Common Stock Purchase $7,549 +4,718 +0.25% $1.60 1,874,203 31 May 2024 Direct F1
transaction NANX Common Stock Purchase $7,996 +5,000 +0.27% $1.60 1,879,203 03 Jun 2024 Direct
transaction NANX Common Stock Purchase $640 +400 +0.02% $1.60 1,879,603 03 Jun 2024 Direct
transaction NANX Common Stock Purchase $16,715 +10,669 +0.57% $1.57 1,890,272 04 Jun 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding NANX Deferred Common Stock 20,030 31 May 2024 Common Stock 20,030 Direct F2, F3, F4
holding NANX Common Stock (right to purchase) 2,000 31 May 2024 Common Stock 2,000 $0.9000 Direct F5
holding NANX Common Stock (right to purchase) 2,000 31 May 2024 Common Stock 2,000 $1.05 Direct F5
holding NANX Common Stock (right to purchase) 2,000 31 May 2024 Common Stock 2,000 $1.18 Direct F5
holding NANX Common Stock (right to purchase) 2,000 31 May 2024 Common Stock 2,000 $0.8400 Direct F5
holding NANX Common Stock (right to purchase) 2,000 31 May 2024 Common Stock 2,000 $1.85 Direct F5
holding NANX Common Stock (right to purchase) 2,000 31 May 2024 Common Stock 2,000 $1.10 Direct F5
holding NANX Common Stock (right to purchase) 2,000 31 May 2024 Common Stock 2,000 $0.9900 Direct F5
holding NANX Common Stock (right to purchase) 10,000 31 May 2024 Common Stock 10,000 $0.6800 Direct F6
holding NANX Common Stock (right to purchase) 10,000 31 May 2024 Common Stock 10,000 $0.8200 Direct F6
holding NANX Common Stock (right to purchase) 6,667 31 May 2024 Common Stock 6,667 $0.4500 Direct F6
holding NANX Common Stock (right to purchase) 20,000 31 May 2024 Common Stock 20,000 $4.17 Direct F6
holding NANX Common Stock (right to purchase) 20,000 31 May 2024 Common Stock 20,000 $1.16 Direct F6
holding NANX Common Stock (right to purchase) 12,600 31 May 2024 Common Stock 12,600 $0.6100 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This total includes 182,433 shares of Nanophase common stock purchased by Ms. Whitmore through the Company's Rights Offering. This transaction was recorded and filed in a Form 4 on 2/13/2024, but the new shares were not included in subsequent cumulative shares owned subsequent to that time.
F2 Each share of deferred common stock represents the 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 Compensaion Plan.
F5 The stock appreciation rights payable upon the reporting person's termination of service as a director of the Company were terminated, with stock options issued at identical exercise prices to the conversion prices of the respective stock appreciation rights. Two-thousand shares were issued with an exercise price of $0.90, 2,000 were issued with an exercise price of $1.05, 2,000 were issued with an exercise price of $1.18, 2,000 were issued with an exercise price of $0.84, 2,000 were issued with an exercise price of $1.85. 2,000 were issued with an exercise price of $1.10, and 2,000 were issued with an exercise price of $0.99.
F6 Subject to certain restrictions, beginning on this date, options vest in three equal annual installments.