X0202 4 2007-11-06 0 0000883107 NANOPHASE TECHNOLOGIES CORPORATION NANX 0001173970 WHITMORE R JANET 1319 MARQUETTE DRIVE ROMEOVILLE IL 60446 1 0 0 0 Common Stock 14475 I By Daughter Common Stock 2007-11-06 4 P 0 2000 4.45 A 150416 D Stock Option (right to buy) 5.55 2004-11-24 2013-11-24 Common Stock 10000 10000 D Deferred Common Stock Common Stock 7628 7628 D Subject to certain restrictions, beginning on this date, options vest in three equal annual installments. Each share of deferred common stock represents a right to receive one share of common stock. 876 shares of common stock were to be granted under the Company's 2005 Non-Employee Director Restricted Stock Plan. Such shares are vested immediately but subject to certain transfer restrictions. Pursuant to such plan, the reporting person elected to defer receipt of such shares and receive instead 876 shares of deferred common stock which, along with the 6,752 similar shares granted previously, will be accounted for under the Company's Non-Employee Director Deferred Compensation Plan. The deferred common stock becomes payable upon the reporting person's termination of service as a director of the Company. Pursuant to such plan, the reporting person elected to defer receipt of such shares and receive 876 shares of deferred common stock, amounting to a cumulative total of 7,628 shares of deferred common stock received (including those received from previous grants) to date, which will all be accounted for under the Company's Non-Employee Director Deferred Compensation Plan. By Jess Jankowski under UPA for R. Janet Whitmore 2007-11-06