FORM 4		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 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Expires: December 31, 2014 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person * WHITMORE R JANET (Last) (First) (Middle) 1319 MARQUETTE DRIVE (Street) ROMEOVILLE IL 60446 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol NANOPHASE TECHNOLOGIES Corp [ NANX ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 12/06/2022
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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								1,489,055	D
Common Stock	12/06/2022		M		10,000	A	$ 0.415	1,499,055	D
Common Stock	12/06/2022		P		20,000	A	$ 1.22	1,519,055	D
Common Stock	12/06/2022		P		4,287	A	$ 1.21	1,523,342	D
Common Stock	12/08/2022		P		5,000	A	$ 1.15	1,528,342	D
Common Stock	12/08/2022		P		9,000	A	$ 1.13	1,537,342	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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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
Deferred Common Stock	(1)							(2)	(2) (3)	Common Stock	20,030		20,030	D
Common Stock (right to purchase)	$ 0.415 (4)	12/06/2022		M			10,000	02/14/2014	02/14/2023	Common Stock	10,000	$ 0.415	0	D
Common Stock (right to purchase)	$ 0.52 (5)							02/13/2015	02/13/2024	Common Stock	10,000		10,000	D
Common Stock (right to purchase)	$ 0.44 (4)							02/18/2016	02/18/2025	Common Stock	9,000		9,000	D
Common Stock (right to purchase)	$ 0.42 (4)							02/23/2017	02/23/2026	Common Stock	8,100		8,100	D
Common Stock (right to purchase)	$ 0.9 (6)							11/17/2016	11/17/2026	Common Stock	2,000		2,000	D
Common Stock (right to purchase)	$ 1.05 (6)							11/17/2016	11/17/2026	Common Stock	2,000		2,000	D
Common Stock (right to purchase)	$ 1.18 (6)							11/17/2016	11/17/2026	Common Stock	2,000		2,000	D
Common Stock (right to purchase)	$ 0.84 (6)							11/17/2016	11/17/2026	Common Stock	2,000		2,000	D
Common Stock (right to purchase)	$ 1.85 (6)							11/17/2016	11/17/2026	Common Stock	2,000		2,000	D
Common Stock (right to purchase)	$ 1.1 (6)							11/17/2016	11/17/2026	Common Stock	2,000		2,000	D
Common Stock (right to purchase)	$ 0.99 (6)							11/17/2016	11/17/2026	Common Stock	2,000		2,000	D
Common Stock (right to purchase)	$ 0.68 (5)							02/21/2018	02/21/2027	Common Stock	10,000		10,000	D
Common Stock (right to purchase)	$ 0.82							05/23/2019 (4)	05/23/2028	Common Stock	10,000		10,000	D
Common Stock (right to purchase)	$ 0.51							05/22/2020 (4)	05/22/2029	Common Stock	10,000		10,000	D
Common Stock (right to purchase)	$ 0.45							06/18/2021 (4)	06/18/2027	Common Stock	20,000		20,000	D
Common Stock (right to purchase)	$ 4.17							12/28/2022 (5)	12/28/2028	Common Stock	20,000		20,000	D

Explanation of Responses:

1. Each share of deferred common stock represents a right to receive one share of common stock.

2. The deferred common stock becomes payable upon the reporting person's termination of service as a director of the Company.

3. 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.

4. Subject to certain rights and restrictions, beginning on this date, options vest in three equal annual installments.

5. Beginning on this date, subject to certain restrictions, the stock option vests in three equal annual installments.

6. 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.

	By Jess Jankowski under UPA for R. Janet Whitmore	12/08/2022
	** Signature of Reporting Person	Date
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