Ownership Submission
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 OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
JANKOWSKI JESS
   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
__X__ Officer (give title below) _____ Other (specify below)
President, CEO
(Last)
(First)
(Middle)
1319 MARQUETTE DRIVE		 3. Date of Earliest Transaction (Month/Day/Year)
02/21/2017
(Street)

ROMEOVILLE, IL 60446		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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               38,801 D  
Common Stock               1,000 I Spouse's IRA

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 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 buy) $ 4.48             11/06/2008(1) 11/06/2017 Common Stock 18,000   18,000 D  
Common Stock (right to buy) $ 3.14             05/12/2009(1) 05/12/2018 Common Stock 23,000   23,000 D  
Common Stock (right to buy) $ 1.02             05/04/2010(1) 05/04/2019 Common Stock 30,000   30,000 D  
Common Stock (right to buy) $ 1.7             05/03/2011(1) 05/03/2020 Common Stock 27,000   27,000 D  
Common Stock (right to buy) $ 1.26             05/02/2012(1) 05/02/2021 Common Stock 85,000   85,000 D  
Common Stock (right to buy) $ 0.3             08/07/2013(1) 08/07/2022 Common Stock 98,000   98,000 D  
Common Stock (right to buy) $ 0.415             02/14/2014(1) 02/14/2023 Common Stock 90,000   90,000 D  
Common Stock (right to purchase) $ 0.52             02/13/2015(2) 02/13/2024 Common Stock 90,000   90,000 D  
Common Stock (right to purchase) $ 0.44             02/18/2016(3) 02/18/2025 Common Stock 81,000   81,000 D  
Common Stock (right to purchase) $ 0.42             02/23/2017(3) 02/23/2026 Common Stock 69,000   69,000 D  
Common Stock (right to purchase) $ 0.68 02/21/2017   A   81,000   02/21/2018(3) 02/21/2027 Common Stock 81,000 $ 0.68 81,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
JANKOWSKI JESS
1319 MARQUETTE DRIVE
ROMEOVILLE, IL 60446		   X     President, CEO  

Signatures

 Jess A. Jankowski   02/22/2017
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Subject to certain restrictions, beginning on this date, options vest in three equal annual installments.
(2) Subject to certain restrictions, beginning on this date, options vest in three equal installments.
(3) Subject to certain restrictions, beginning on this date, the options vest in three equal annual installments.

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