Sec Form 4 Filing - Cureton Kevin @ NANOPHASE TECHNOLOGIES Corp - 2021-09-14

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Cureton Kevin
2. Issuer Name and Ticker or Trading Symbol
NANOPHASE TECHNOLOGIES Corp [ NANX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Operating Officer
(Last) (First) (Middle)
1319 MARQUETTE DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
09/14/2021
(Street)
ROMEOVILLE, IL60446
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/14/2021( 1 ) M 52,000 A $ 0.3 52,000 D
Common Stock 09/14/2021( 2 ) S 2,800 D $ 2.3 49,200 D
Common Stock 09/15/2021( 2 ) S 5,350 D $ 2.3 43,850 D
Common Stock 09/16/2021( 2 ) S 17,000 D $ 2.22 26,850 D
Common Stock 09/16/2021( 2 ) S 1,200 D $ 2.26 25,650 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock (right to purchase) $ 0.3 09/14/2021( 3 ) M 52,000 11/28/2013( 4 ) 11/28/2022 Common Stock 52,000 $ 0.3 0 D
Common Stock (right to purchase) $ 0.415 02/14/2014( 4 ) 02/14/2023 Common Stock 48,000 48,000 D
Common Stock (right to purchase) $ 0.52 02/13/2015( 4 ) 02/13/2024 Common Stock 75,000 75,000 D
Common Stock (right to purchase) $ 0.44 02/18/2016( 4 ) 02/18/2025 Common Stock 50,000 50,000 D
Common Stock (right to purchase) $ 0.42 02/23/2017( 4 ) 02/23/2026 Common Stock 43,500 43,500 D
Common Stock (right to purchase) $ 0.68 02/21/2018( 4 ) 02/21/2027 Common Stock 50,000 50,000 D
Common Stock (right to purchase) $ 0.82 05/23/2019( 4 ) 05/23/2028 Common Stock 80,000 80,000 D
Common Stock (right to purchase) $ 0.51 05/22/2020( 4 ) 05/22/2029 Common Stock 16,500 16,500 D
Common Stock (right to purchase) $ 0.45 06/18/2021( 4 ) 06/18/2027 Common Stock 90,000 90,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Cureton Kevin
1319 MARQUETTE DRIVE
ROMEOVILLE, IL60446
Chief Operating Officer
Signatures
/s/ Jess Jankowski under UPA for Kevin Cureton 09/16/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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.
( 2 )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.
( 3 )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.
( 4 )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.

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