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: 2010-01-26

Reporting Person: WALTON MICHAEL R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-26	Common Stock, par value $.01 per share	M	50000	$1.4	Acquired	423056	Direct
2010-01-26	Common Stock, par value $.01 per share	M	30000	$1.66	Acquired	453056	Direct
2010-01-26	Common Stock, par value $.01 per share	M	30000	$1.27	Acquired	483056	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-01-26	Common Stock Option	$1.4	M	50000	Disposed	2013-04-22	Common Stock (50000)	Direct
2010-01-26	Common Stock Option	$1.66	M	30000	Disposed	2014-10-22	Common Stock (30000)	Direct
2010-01-26	Common Stock Option	$1.27	M	30000	Disposed	2016-10-12	Common Stock (30000)	Direct

Footnotes

F1: Options for one thirty-sixth of the shares vested on the 22nd of each month for the 36-month period commencing on May 22, 2003 and ending on April 22, 2006.

F2: Options for one thirty-sixth of the shares vested on the 22nd of each month for the 36-month period commencing on November 22, 2004 and ending on October 22, 2007.

F3: Options for one thirty-sixth of the shares vested on the 12th of each month for the 36-month period commencing on November 12, 2006 and ending on October 12, 2009.