R. Janet Whitmore - 09 Feb 2024 Form 4 Insider Report for NANOPHASE TECHNOLOGIES Corp (SLSN)

Role
Director
Signature
By Jess Jankowski under UPA for R. Janet Whitmore
Issuer symbol
SLSN
Transactions as of
09 Feb 2024
Net transactions value
+$72,973
Form type
4
Filing time
13 Feb 2024, 16:00:17 UTC
Previous filing
29 Dec 2023
Next filing
13 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NANX Common Stock Purchase $72,973 +182,433 +11% $0.4000* 1,827,745 09 Feb 2024 Direct F1

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 09 Feb 2024 Common Stock 20,030 Direct F2, F3, F4
holding NANX Common Stock (right to purchase) 2,000 09 Feb 2024 Common Stock 2,000 $0.9000 Direct F5
holding NANX Common Stock (right to purchase) 2,000 09 Feb 2024 Common Stock 2,000 $1.05 Direct F5
holding NANX Common Stock (right to purchase) 2,000 09 Feb 2024 Common Stock 2,000 $1.18 Direct F5
holding NANX Common Stock (right to purchase) 2,000 09 Feb 2024 Common Stock 2,000 $0.8400 Direct F5
holding NANX Common Stock (right to purchase) 2,000 09 Feb 2024 Common Stock 2,000 $1.85 Direct F5
holding NANX Common Stock (right to purchase) 2,000 09 Feb 2024 Common Stock 2,000 $1.10 Direct F5
holding NANX Common Stock (right to purchase) 2,000 09 Feb 2024 Common Stock 2,000 $0.9900 Direct F5
holding NANX Common Stock (right to purchase) 10,000 09 Feb 2024 Common Stock 10,000 $0.6800 Direct F6
holding NANX Common Stock (right to purchase) 10,000 09 Feb 2024 Common Stock 10,000 $0.8200 Direct F7
holding NANX Common Stock (right to purchase) 6,667 09 Feb 2024 Common Stock 6,667 $0.4500 Direct F7
holding NANX Common Stock (right to purchase) 20,000 09 Feb 2024 Common Stock 20,000 $4.17 Direct F6
holding NANX Common Stock (right to purchase) 20,000 09 Feb 2024 Common Stock 20,000 $1.16 Direct F6
holding NANX Common Stock (right to purchase) 12,600 09 Feb 2024 Common Stock 12,600 $0.6100 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were purchased as part of the Company's recent shareholder rights offering.
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 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. 2,000 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 Beginning on this date, subject to certain restrictions, the stock option vests in three equal annual installments.
F7 Subject to certain rights and restrictions, beginning on this date, options vest in three equal annual installments.