X0303 4 2008-06-25 0 0000883107 NANOPHASE TECHNOLOGIES CORPORATION NANX 0000933430 WHITMORE BRADFORD T 1560 SHERMAN AVE SUITE 900 EVANSTON IL 60201 0 0 1 0 0001061060 SPURGEON CORP 290 S COUNTY FARM RD THIRD FL WHEATON IL 60187 0 0 1 0 0000931217 GRACE BROTHERS LTD 1560 SHERMAN AVE SUITE 900 EVANSTON IL 60201 0 0 1 0 Common Stock 2008-06-27 4 P 0 30250 2.19 A 4310658 I * Common Stock 2008-06-27 4 P 0 31800 2.2 A 4342458 I * Common Stock 2008-06-27 4 P 0 8250 2.21 A 4350708 I * Common Stock 2008-06-27 4 P 0 1900 2.2179 A 4352608 I * Common Stock 2008-06-27 4 P 0 16500 2.22 A 4369108 I * Common Stock 2008-06-27 4 P 0 1100 2.24 A 4370208 I * Common Stock 2008-06-27 4 P 0 17770 2.25 A 4387978 I * Common Stock 2008-06-27 4 P 0 1300 2.2623 A 4389278 I * Common Stock 2008-06-27 4 P 0 1300 2.27 A 4390578 I * Common Stock 2008-06-27 4 P 0 100 2.28 A 4390678 I * Common Stock 2008-06-27 4 P 0 400 2.29 A 4391078 I * Common Stock 2008-06-27 4 P 0 8200 2.3 A 4399278 I * Common Stock 2008-06-27 4 P 0 8300 2.35 A 4407578 I * Common Stock 2008-06-27 4 P 0 1100 2.38 A 4408678 I * Common Stock 2008-06-27 4 P 0 13600 2.42 A 4422278 I * Common Stock 2008-06-27 4 P 0 22200 2.4536 A 4444478 I * Common Stock 2008-06-27 4 P 0 11600 2.46 A 4456078 I * Common Stock 2008-06-27 4 P 0 6900 2.47 A 4462978 I * Common Stock 2008-06-27 4 P 0 2400 2.5 A 4465378 I * Common Stock 2008-06-27 4 P 0 6800 2.51 A 4472178 I * Common Stock 2008-06-27 4 P 0 3000 2.52 A 4475178 I * Common Stock 2008-06-27 4 P 0 15380 2.53 A 4490558 I * Common Stock 2008-06-27 4 P 0 4300 2.54 A 4494858 I * Common Stock 2008-06-27 4 P 0 400 2.55 A 4495258 I * Common Stock 2008-06-27 4 P 0 3800 2.56 A 4499058 I * Common Stock 2008-06-27 4 P 0 3200 2.58 A 4502258 I * Common Stock 2008-06-27 4 P 0 2600 2.6 A 4504858 I * Common Stock 2008-06-27 4 P 0 500 2.62 A 4505358 I * Common Stock 2008-06-27 4 P 0 900 2.6244 A 4506258 I * Common Stock 2008-06-27 4 P 0 11400 2.63 A 4517658 I * As General Partner of Grace Brothers, Ltd. which owns 4,004,639 shares (after purchases through June 27, 2008) and as General Partner of Grace Investments, Ltd. which owns 300,000 shares, Bradford T. Whitmore is an indirect beneficial owner. As General Partner of Grace Brothers, Ltd. and as General Partner of Grace Investments, Ltd., Spurgeon Corporation is an indirect beneficial owner. Bradford T. Whitmore directly owns 272,812 shares. This is a continuing Form 4 reflecting the remaining transactions from a previous filing. A continuing Form 4 will be filed to reflect the remaining transactions. Bradford T. Whitmore 2008-06-27 Jerald A. Trannel, Vice President 2008-06-27 Bradford T. Whitmore, General Partner 2008-06-27