VERU INC. — Director's Dealing 2006

Oct 16, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FEMALE HEALTH CO (FHCO)
CIK: 0000863894
Period of Report: 2006-10-12

Reporting Person: KERBER JAMES R (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-10-12	Common Stock Option	$1.27	A	30000	Acquired	2016-10-12	Common Stock (30000)	Direct

Footnotes

F1: Options for one thirty-sixth of the shares vest on the 12th of each month for the 36-month period commencing on November 12, 2006 and ending on October 12, 2009.