VERU INC. — Director's Dealing 2007

Dec 21, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FEMALE HEALTH CO (FHCO)
CIK: 0000863894
Period of Report: 2004-09-24

Reporting Person: DEARHOLT STEPHEN M (Director, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-09-24	Common Stock Purchase Warrant	$3.1	D	200000	Disposed	2006-03-25	Common Stock (200000)	Direct
2004-09-24	Common Stock Purchase Warrant	$3.1	A	200000	Acquired	2008-03-25	Common Stock (200000)	Direct
2004-09-24	Common Stock Purchase Warrant	$2.25	D	200000	Disposed	2006-03-25	Common Stock (200000)	Direct
2004-09-24	Common Stock Purchase Warrant	$2.25	A	200000	Acquired	2008-03-25	Common Stock (200000)	Direct

Footnotes

F1: Amendment of the outstanding common stock purchase warrant resulted in the deemed cancellation of the original warrant and the grant of a replacement warrant. The warrant was originally granted on March 25, 1996 and was immediately exercisable on the date of grant.