VERU INC. — Director's Dealing 2010

Jan 27, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FEMALE HEALTH CO (FHCO)
CIK: 0000863894
Period of Report: 2010-01-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-25	Common Stock, par value $.01 per share	M	300000	$1.17	Acquired	2172738	Direct
2010-01-25	Common Stock, par value $.01 per share	M	300000	$1.2	Acquired	2472738	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-01-25	Common Stock Purchase Warrant	$1.17	M	300000	Disposed	2014-03-25	Common Stock (300000)	Direct
2010-01-25	Common Stock Purchase Warrant	$1.2	M	300000	Disposed	2016-03-25	Common Stock (300000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.01 per share	28500	Indirect
Common Stock, par value $.01 per share	69500	Indirect
Common Stock, par value $.01 per share	275820	Indirect
Common Stock, par value $.01 per share	418100	Indirect

Footnotes

F1: Shares are held by the reporting person's self-directed IRA.

F2: Shares are held by a profit sharing plan, of which the reporting person is a beneficiary.

F3: Shares are held by a trust, of which the reporting person is a trustee.

F4: Shares are held by a trust, of which the reporting person is a trustee.