diff --git a/README.md b/README.md
index 8a62d62..40a7b2a 100644
--- a/README.md
+++ b/README.md
@@ -1,5 +1,5 @@
 # Steady Mark
-> version 0.1.3
+> version 0.1.4
 [![Build Status](https://secure.travis-ci.org/gabrielfalcao/steadymark.png)](http://travis-ci.org/gabrielfalcao/steadymark)
 
 # Turning your github readme files into python test suites since 2012
@@ -61,11 +61,11 @@ Just run with:
 $ steadymark README.md
 ```
 
-# Steadymark is on version 0.1.3
+# Steadymark is on version 0.1.4
 
 ```python
 from steadymark import version
-assert version == '0.1.3'
+assert version == '0.1.4'
 ```
 
 # Steadymark strips headers
diff --git a/setup.py b/setup.py
index 65dab90..9974a45 100755
--- a/setup.py
+++ b/setup.py
@@ -38,7 +38,7 @@ def get_packages():
     return packages
 
 setup(name='steadymark',
-    version='0.1.3',
+    version='0.1.4',
     description=(u'Markdown-based test runner for python. '
                  'Good for github projects'),
     author=u'Gabriel Falcao',
diff --git a/steadymark/__init__.py b/steadymark/__init__.py
index f07084d..ee114d1 100644
--- a/steadymark/__init__.py
+++ b/steadymark/__init__.py
@@ -24,7 +24,7 @@
 # FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR
 # OTHER DEALINGS IN THE SOFTWARE.
 
-version = '0.1.3'
+version = '0.1.4'
 import re
 import os
 import sys
@@ -117,26 +117,26 @@ class READMETestRunner(BaseRenderer):
                 self.print_green('\xe2\x9c\x93 {0}'.format(self.format_ms(ms)))
             else:
                 self.print_red('\xe2\x9c\x97 {0}'.format(self.format_ms(ms)))
-                exc, name, tb = failure
+                exc, exc_instance, tb = failure
                 tb = tb.tb_next
+                formatted_tb = self.format_traceback(title, exc_instance)
+
                 if tb:
-                    self.print_red(traceback.format_exc(exc))
                     line = lines[tb.tb_lineno - 1]
-                    formatted_tb = traceback.format_exc(name)
                     self.print_red("{0}     {1}".format(formatted_tb, line))
-                else:
-                    if issubclass(exc, SyntaxError):
-                        formatted_tb = traceback.format_exc(name)
-                        formatted_tb = formatted_tb.replace(
-                            'File "@STEADYMARK@',
-                            'In the test "@STEADYMARK@',
-                        )
-                        formatted_tb = formatted_tb.replace(
-                            '@STEADYMARK@', title)
-                        self.print_red(formatted_tb, indentation=2)
+                elif issubclass(exc, SyntaxError):
+                    self.print_red(formatted_tb, indentation=2)
 
         sys.exit(int(failed))
 
+    def format_traceback(self, title, exception):
+        formatted_tb = traceback.format_exc(exception)
+        formatted_tb = formatted_tb.replace(
+            'File "@STEADYMARK@',
+            'In the test "@STEADYMARK@',
+        )
+        return formatted_tb.replace(
+            '@STEADYMARK@', title)
 
 class Runner(object):
     def __init__(self, filename=None, text=u''):