VERU INC. — Director's Dealing 2011

Oct 27, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FEMALE HEALTH CO (FHCO)
CIK: 0000863894
Period of Report: 2011-10-18

Reporting Person: BETHUNE DAVID R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-10-18	Common Stock, par value $.01 per share	M	110000	$1.4	Acquired	170500	Direct
2011-10-18	Common Stock, par value $.01 per share	F	35321	$4.36	Disposed	135179	Direct
2011-10-18	Common Stock, par value $.01 per share	M	30000	$1.66	Acquired	165179	Direct
2011-10-18	Common Stock, par value $.01 per share	F	11422	$4.36	Disposed	153757	Direct
2011-10-18	Common Stock, par value $.01 per share	M	30000	$1.27	Acquired	183757	Direct
2011-10-18	Common Stock, par value $.01 per share	F	8739	$4.36	Disposed	175018	Direct
2011-10-18	Common Stock, par value $.01 per share	M	23750	$3.92	Acquired	198768	Direct
2011-10-18	Common Stock, par value $.01 per share	F	21353	$4.36	Disposed	177415	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-10-18	Common Stock Option	$1.4	M	110000	Disposed	2013-04-22	Common Stock (110000)	Direct
2011-10-18	Common Stock Option	$1.66	M	30000	Disposed	2014-10-22	Common Stock (30000)	Direct
2011-10-18	Common Stock Option	$1.27	M	30000	Disposed	2016-11-12	Common Stock (30000)	Direct
2011-10-18	Common Stock Option	$3.92	M	23750	Disposed	2019-06-29	Common Stock (23750)	Direct

Footnotes

F1: Pursuant to a cashless option exercise program, the reporting person surrendered to The Female Health Company ("FHCO") the requisite number of shares subject to the option to pay the exercise price based on the market price of FHCO common stock on the trading day immediately preceding the date of exercise which was $4.36 per share.

F2: Options for one thirty-sixth of the shares vest on the 29th of each month for the 36-month period commencing on June 29, 2009 and ending on May 29, 2012.