VERU INC. — Director's Dealing 2012

Sep 18, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FEMALE HEALTH CO (FHCO)
CIK: 0000863894
Period of Report: 2012-09-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-09-17	Common Stock, par value $.01 per share	M	110000	$1.4	Acquired	2451403	Direct
2012-09-17	Common Stock, par value $.01 per share	F	21937	$7.02	Disposed	2429466	Direct
2012-09-17	Common Stock, par value $.01 per share	S	25000	$7.02	Disposed	2404466	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-09-17	Common Stock Option	$1.4	M	110000	Disposed	2013-04-22	Common Stock (110000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.01 per share	125150	Indirect
Common Stock, par value $.01 per share	61812	Indirect
Common Stock, par value $.01 per share	400000	Indirect

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 $7.02 per share.

F2: Shares are held by the reporting person's self-directed IRA.

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.