Kevin Cureton - 14 Sep 2021 Form 4 Insider Report for NANOPHASE TECHNOLOGIES Corp (SLSN)

Role
Chief Operating Officer
Signature
/s/ Jess Jankowski under UPA for Kevin Cureton
Issuer symbol
SLSN
Transactions as of
14 Sep 2021
Net transactions value
-$59,197
Form type
4
Filing time
16 Sep 2021, 18:07:24 UTC
Next filing
24 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NANX Common Stock Options Exercise $15,600 +52,000 $0.3000* 52,000 14 Sep 2021 Direct F1
transaction NANX Common Stock Sale $6,440 -2,800 -5.4% $2.30 49,200 14 Sep 2021 Direct F2
transaction NANX Common Stock Sale $12,305 -5,350 -11% $2.30 43,850 15 Sep 2021 Direct F2
transaction NANX Common Stock Sale $37,740 -17,000 -39% $2.22 26,850 16 Sep 2021 Direct F2
transaction NANX Common Stock Sale $2,712 -1,200 -4.5% $2.26 25,650 16 Sep 2021 Direct F2

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
transaction NANX Common Stock (right to purchase) Options Exercise $15,600 -52,000 -100% $0.3000* 0 14 Sep 2021 Common Stock 52,000 $0.3000 Direct F3, F4
holding NANX Common Stock (right to purchase) 48,000 14 Sep 2021 Common Stock 48,000 $0.4150 Direct F4
holding NANX Common Stock (right to purchase) 75,000 14 Sep 2021 Common Stock 75,000 $0.5200 Direct F4
holding NANX Common Stock (right to purchase) 50,000 14 Sep 2021 Common Stock 50,000 $0.4400 Direct F4
holding NANX Common Stock (right to purchase) 43,500 14 Sep 2021 Common Stock 43,500 $0.4200 Direct F4
holding NANX Common Stock (right to purchase) 50,000 14 Sep 2021 Common Stock 50,000 $0.6800 Direct F4
holding NANX Common Stock (right to purchase) 80,000 14 Sep 2021 Common Stock 80,000 $0.8200 Direct F4
holding NANX Common Stock (right to purchase) 16,500 14 Sep 2021 Common Stock 16,500 $0.5100 Direct F4
holding NANX Common Stock (right to purchase) 90,000 14 Sep 2021 Common Stock 90,000 $0.4500 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Cureton has exercised shares from his November 28, 2012 option grant to avoid the risk of expiration. In light of the blackout requirements within the Company's Policy on Insider Trading, limited trading windows exist during which these transactions can be completed. Subsequent to exercise, he plans to sell some of the exercised shares reported herein in order to satisfy the costs of exercise and the required income tax withholdings.
F2 Mr. Cureton has exercised shares from his November 28, 2012 option grant to avoid the risk of expiration. In light of the blackout requirements within the Company's Policy on Insider Trading, limited trading windows exist during which these transactions can be completed. The sales reported herein were effected in order to satisfy the costs of exercise and the required income tax withholdings.
F3 Mr. Cureton has exercised shares from his November 28, 2012 option grant to avoid the risk of expiration. In light of the blackout requirements within the Company's Policy on Insider Trading, limited trading windows exist during which these transactions can be completed. Subsequent to exercise, he plans to sell some of the shares exercised in order to satisfy the costs of exercise and the required income tax withholdings.
F4 Subject to certain restrictions, beginning on this date, options vest in three equal annual installments.

Remarks:

Mr. Cureton has exercised shares from his November 28, 2012 option grant to avoid the risk of expiration. In light of the blackout requirements within the Company's Policy on Insider Trading, limited trading windows exist during which these transactions can be completed. Subsequent to exercise, he has sold the shares reported above in order to satisfy the costs of exercise and the required income tax withholdings.