VERU INC. — Director's Dealing 2014

Aug 26, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FEMALE HEALTH CO (FHCO)
CIK: 0000863894
Period of Report: 2014-08-21

Reporting Person: WENNINGER RICHARD E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-21	Common Stock, par value $.01 per share	M	30000	$1.66	Acquired	47382	Direct
2014-08-21	Common Stock, par value $.01 per share	F	13037	$3.82	Disposed	34345	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-21	Common Stock Option	$1.66	M	30000	Disposed	2014-10-22	Common Stock (30000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.01 per share	1676872	Indirect
Common Stock, par value $.01 per share	56348	Indirect
Common Stock, par value $.01 per share	250000	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 $3.82 per share.

F2: These shares are held in a trust as to which Mr. Wenninger is a trustee and beneficiary.

F3: These shares are held in a charitable remainder trust as to which Mr. Wenninger is a trustee and Mr. Wenninger and his spouse are beneficiaries. Mr. Wenninger continues to report beneficial ownership of all of the shares held by the trust but disclaims beneficial ownership except to the extent of his and his spouse's pecuniary interest therein.