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 *
Al Yousuf LLC
  2. Issuer Name and Ticker or Trading Symbol
ALTAIR NANOTECHNOLOGIES INC [ALTI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
SHEIKH ZAYED RD., P.O. BOX 25
3. Date of Earliest Transaction (Month/Day/Year)
06/21/2010
(Street)

DUBAI, C0 -
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 Shares (1) 06/21/2010   A   118,496 A $ 0 20,329,628 D  
Common Shares (2) 06/21/2010   A   118,496 A $ 0 20,448,124 D  
Common Shares (3) 06/21/2010   D   53,047 D $ 0 20,395,077 D  

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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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Al Yousuf LLC
SHEIKH ZAYED RD.
P.O. BOX 25
DUBAI, C0 -
    X    

Signatures

 /s/ Iqbal Al Yousuf, President of Al Yousuf LLC   07/08/2010
**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) Represents a contribution of restricted shares to Al Yousuf LLC from Hossein Haghighi, who is a director of the Issuer and an employee of Al Yousuf LLC. The restricted shares received by Mr. Haghighi pursuant to the Issuer's 2005 Stock Incentive Plan were contributed to Al Yousuf LLC for no consideration. Fifty percent of these restricted shares have an effective vesting date of June 15, 2011, and the remaining 50% will vest on June 15, 2012. Mr. Haghighi must be employed by, or serve as a director of, the Issuer until the shares have been vested or they will be forfeited.
(2) Represents a contribution of restricted shares to Al Yousuf LLC from Alexander Lee, who is a director of the Issuer and an employee of Al Yousuf LLC. The restricted shares received by Mr. Lee pursuant to the Issuer's 2005 Stock Incentive Plan were contriuted to Al Yousuf LLC for no consideration. Fifty percent of these restricted shares have an effective vesting date of June 15, 2011, and the remaining 50% will vest on June 15, 2012. Mr. Lee must be employed by, or serve as a director of, the Issuer until the shares have been vested or they will be forfeited.
(3) Represents the forfeiture of 53,047 shares of unvested restricted stock, which had been granted to Iqbal Al Yousuf during his tenure on the board of directors of the Issuer. Mr. Al Yousuf had contributed the restricted shares to Al Yousuf LLC for no consideration, but resigned from the Issuer's board of directors prior to the vesting date of the restricted shares.

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