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

Role
Chief Operating Officer
Signature
/s/ Jess Jankowski under UPA for Kevin Cureton
Stock symbol
NANX
Transactions as of
Sep 14, 2021
Transactions value $
-$59,197
Form type
4
Date filed
9/16/2021, 06:07 PM
Next filing
Nov 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NANX Common Stock Options Exercise $15.6K +52K $0.30 52K Sep 14, 2021 Direct F1
transaction NANX Common Stock Sale -$6.44K -2.8K -5.38% $2.30 49.2K Sep 14, 2021 Direct F2
transaction NANX Common Stock Sale -$12.3K -5.35K -10.87% $2.30 43.9K Sep 15, 2021 Direct F2
transaction NANX Common Stock Sale -$37.7K -17K -38.77% $2.22 26.9K Sep 16, 2021 Direct F2
transaction NANX Common Stock Sale -$2.71K -1.2K -4.47% $2.26 25.7K Sep 16, 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 -$15.6K -52K -100% $0.30 0 Sep 14, 2021 Common Stock 52K $0.30 Direct F3, F4
holding NANX Common Stock (right to purchase) 48K Sep 14, 2021 Common Stock 48K $0.42 Direct F4
holding NANX Common Stock (right to purchase) 75K Sep 14, 2021 Common Stock 75K $0.52 Direct F4
holding NANX Common Stock (right to purchase) 50K Sep 14, 2021 Common Stock 50K $0.44 Direct F4
holding NANX Common Stock (right to purchase) 43.5K Sep 14, 2021 Common Stock 43.5K $0.42 Direct F4
holding NANX Common Stock (right to purchase) 50K Sep 14, 2021 Common Stock 50K $0.68 Direct F4
holding NANX Common Stock (right to purchase) 80K Sep 14, 2021 Common Stock 80K $0.82 Direct F4
holding NANX Common Stock (right to purchase) 16.5K Sep 14, 2021 Common Stock 16.5K $0.51 Direct F4
holding NANX Common Stock (right to purchase) 90K Sep 14, 2021 Common Stock 90K $0.45 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.