<SEC-DOCUMENT>0001571049-14-003882.txt : 20140811
<SEC-HEADER>0001571049-14-003882.hdr.sgml : 20140811
<ACCEPTANCE-DATETIME>20140811171211
ACCESSION NUMBER:		0001571049-14-003882
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20140811
DATE AS OF CHANGE:		20140811
GROUP MEMBERS:		JACK C. BENDHEIM

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PHIBRO ANIMAL HEALTH CORP
		CENTRAL INDEX KEY:			0001069899
		STANDARD INDUSTRIAL CLASSIFICATION:	GRAIN MILL PRODUCTS [2040]
		IRS NUMBER:				131840497
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-88114
		FILM NUMBER:		141031446

	BUSINESS ADDRESS:	
		STREET 1:		GLENPOINTE CENTRE EAST, 3RD FLOOR
		STREET 2:		300 FRANK W. BURR BLVD., SUITE 21
		CITY:			TEANECK
		STATE:			NJ
		ZIP:			07666
		BUSINESS PHONE:		201-329-7300

	MAIL ADDRESS:	
		STREET 1:		GLENPOINTE CENTRE EAST, 3RD FLOOR
		STREET 2:		300 FRANK W. BURR BLVD., SUITE 21
		CITY:			TEANECK
		STATE:			NJ
		ZIP:			07666

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PHILIPP BROTHERS CHEMICALS INC
		DATE OF NAME CHANGE:	19980908

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BFI Co., LLC
		CENTRAL INDEX KEY:			0001601607
		IRS NUMBER:				262105186
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		300 FRANK W. BURR BLVD., STE 21
		CITY:			TEANECK
		STATE:			NJ
		ZIP:			07666
		BUSINESS PHONE:		2013297300

	MAIL ADDRESS:	
		STREET 1:		300 FRANK W. BURR BLVD., STE 21
		CITY:			TEANECK
		STATE:			NJ
		ZIP:			07666
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>t1401495_13da.htm
<DESCRIPTION>AMENDMENT NO. 1 TO SCHEDULE 13D
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-size: 12pt"><B>UNITED
STATES</B><BR>
<B>SECURITIES AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B>SCHEDULE 13D/A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B>Under the Securities Exchange Act
of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B>(Amendment No. 1)</B></P>

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B>Phibro Animal Health Corporation</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt; text-align: center">(Name of Issuer)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B>Class&nbsp;A Common Stock, par value
$0.0001 per share</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><BR>
(Title of Class of Securities)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B>71742Q 106 <FONT STYLE="font-size: 10pt">
&nbsp;</FONT></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">(CUSIP Number)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B>c/o Jack C. Bendheim<BR>
Phibro Animal Health Corporation<BR>
Glenpointe Centre East, 3rd Fl.<BR>
300 Frank W. Burr Blvd., Ste 21<BR>
Teaneck, NJ 07666-6712<BR>
(201) 329-7300</B></P>

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(Name, Address and Telephone Number of
Person Authorized to</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">Receive Notices and Communications)</P>

<DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 100%"></DIV></DIV>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><BR>
<B>August 1, 2014</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><BR>
(Date of Event which Requires Filing
of this Statement)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the
filing person has previously filed a statement on Schedule&nbsp;13G to report the acquisition that is the subject of this Schedule&nbsp;13D,
and is filing this schedule because of Rule 13d-1(e), Rule&nbsp;13d-1(f) or Rule&nbsp;13d-1(g), check the following box.&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">o</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Note:
</B>Schedules filed in paper format shall include a signed original and five copies of this schedule, including all exhibits. See
Rule&nbsp;13d-7 for other parties to whom copies are to be sent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*The remainder
of this cover page shall be filled out for a reporting person&rsquo;s initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover
page.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information
required on the remainder of this cover page shall not be deemed to be &ldquo;filed&rdquo; for the purpose of Section&nbsp;18 of
the Securities Exchange Act of 1934 (&ldquo;Act&rdquo;) or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in"></P>

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    <TD STYLE="width: 57%; padding-bottom: 10pt"></TD>
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    <TD STYLE="width: 1%; padding-bottom: 10pt"></TD>
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    <TD NOWRAP STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">CUSIP No.</P></TD>
    <TD STYLE="vertical-align: bottom"></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-size: 10pt">71742Q
        106</FONT> <FONT STYLE="font-size: 10pt"> </FONT></P></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">Schedule 13D</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">Page</FONT></TD>
    <TD STYLE="vertical-align: bottom"></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">2&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom"></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">of&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">9</P></TD></TR>
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<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="Font-Size: 9pt">
<TR>
    <TD WIDTH="34%"></TD>
    <TD WIDTH="1%"></TD>
    <TD WIDTH="32%"></TD>
    <TD WIDTH="1%"></TD>
    <TD WIDTH="32%"></TD></TR>
<TR VALIGN="BOTTOM" STYLE="Height: 20pt">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD ALIGN="CENTER"></TD>
    <TD>&nbsp;</TD>
    <TD ALIGN="RIGHT"></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="Font-Size: 9pt">
<TR VALIGN="BOTTOM">
    <TD WIDTH="3%"></TD>
    <TD WIDTH="3%"></TD>
    <TD WIDTH="87%"></TD>
    <TD WIDTH="1%"></TD>
    <TD WIDTH="6%"></TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Top: #000000 1px solid; Border-Bottom: #000000 1px solid" ALIGN="RIGHT">1.</TD>
    <TD STYLE="Border-Top: #000000 1px solid; Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Top: #000000 1px solid; Border-Bottom: #000000 1px solid"><P STYLE="margin-top: 0; margin-bottom: 0">NAMES OF REPORTING PERSONS</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)<BR><BR><B>BFI Co., LLC</B></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P></TD>
    <TD STYLE="Border-Top: #000000 1px solid; Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Top: #000000 1px solid; Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR>
    <TD VALIGN="TOP" STYLE="Border-Bottom: #000000 1px solid" ALIGN="RIGHT">2.</TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="Border-Bottom: #000000 1px solid">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<BR>
    (see instructions)<BR>(a)&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><BR>
    (b)&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT></TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">3.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SEC USE ONLY<BR>&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">4.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SOURCE OF FUNDS (see instructions)<BR>&nbsp;<BR><B>OO</B></TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">5.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid"><P STYLE="margin-top: 0; margin-bottom: 0">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)</P>
                                                 <P STYLE="margin-top: 0; margin-bottom: 0"><FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT></P></TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">6.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">CITIZENSHIP OR PLACE OF ORGANIZATION<BR>&nbsp;<BR><B>Delaware</B></TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="Font-Size: 9pt">
<TR>
    <TD WIDTH="14%"></TD>
    <TD WIDTH="3%"></TD>
    <TD WIDTH="2%"></TD>
    <TD WIDTH="3%"></TD>
    <TD WIDTH="78%"></TD></TR>
<TR VALIGN="TOP">
    <TD VALIGN="MIDDLE" ROWSPAN="4" ALIGN="CENTER" STYLE="Border-Bottom: #000000 1px solid">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
    PERSON WITH</TD>
    <TD VALIGN="BOTTOM">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">7.</TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SOLE VOTING POWER<BR>&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD VALIGN="BOTTOM">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">8.</TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SHARED VOTING POWER<BR>&nbsp;<BR><B>21,512,275 shares of Class B Common Stock
    <SUP>(1)</SUP></B></TD></TR>
<TR VALIGN="TOP">
    <TD VALIGN="BOTTOM">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">9.</TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid"><P STYLE="margin-top: 0; margin-bottom: 0">SOLE DISPOSITIVE POWER</P>
                                                 <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P></TD></TR>
<TR VALIGN="TOP">
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">10.</TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SHARED DISPOSITIVE POWER<BR>&nbsp;<BR>&nbsp;<B>21,512,275 shares of Class B Common Stock <SUP>(1)</SUP></B></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="Font-Size: 9pt">
<TR VALIGN="BOTTOM">
    <TD WIDTH="3%"></TD>
    <TD WIDTH="3%"></TD>
    <TD WIDTH="87%"></TD>
    <TD WIDTH="1%"></TD>
    <TD WIDTH="6%"></TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px solid" ALIGN="RIGHT">11.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON <BR><BR><B>21,512,275
    shares of Class B Common Stock <SUP>(1)</SUP></B></TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD>12.</TD>
    <TD>&nbsp;</TD>
    <TD>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES<BR>(see instructions)&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #000000 1px solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px solid" ALIGN="RIGHT">13.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) <BR><BR><B>55.2%
    <SUP><B>(2)</B></SUP></B></TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px solid" ALIGN="RIGHT">14.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">TYPE OF REPORTING PERSON (see instructions) <BR><BR><B>HC</B></TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">(1) The Reporting Person holds shares of Class B Common Stock,
par value $0.0001 per share (&ldquo;Class B Common Stock&rdquo;), which have the right to ten (10) votes per share of Class B Common
Stock held of record by such holder. Class A Common Stock has the right to one (1) vote per share of Class A Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">(2) See Item 5.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"></P>

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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">CUSIP No.</P></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-size: 10pt">71742Q
        106</FONT> <FONT STYLE="font-size: 10pt"> </FONT></P></TD>
    <TD STYLE="vertical-align: top; padding-bottom: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Schedule 13D</FONT></TD>
    <TD STYLE="vertical-align: top; padding-bottom: 10pt"><FONT STYLE="font-size: 10pt">Page</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">3</P></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top; padding-bottom: 10pt"><FONT STYLE="font-size: 10pt">of&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">9</P></TD></TR>
</TABLE>


<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="Font-Size: 9pt">
<TR>
    <TD WIDTH="34%"></TD>
    <TD WIDTH="1%"></TD>
    <TD WIDTH="32%"></TD>
    <TD WIDTH="1%"></TD>
    <TD WIDTH="32%"></TD></TR>
<TR VALIGN="BOTTOM" STYLE="Height: 20pt">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD ALIGN="CENTER"></TD>
    <TD>&nbsp;</TD>
    <TD ALIGN="RIGHT"></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="Font-Size: 9pt">
<TR VALIGN="BOTTOM">
    <TD WIDTH="3%"></TD>
    <TD WIDTH="3%"></TD>
    <TD WIDTH="87%"></TD>
    <TD WIDTH="1%"></TD>
    <TD WIDTH="6%"></TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Top: #000000 1px solid; Border-Bottom: #000000 1px solid" ALIGN="RIGHT">1.</TD>
    <TD STYLE="Border-Top: #000000 1px solid; Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Top: #000000 1px solid; Border-Bottom: #000000 1px solid"><P STYLE="margin-top: 0; margin-bottom: 0">NAMES OF REPORTING PERSONS</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><B>Jack C. Bendheim</B></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P></TD>
    <TD STYLE="Border-Top: #000000 1px solid; Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Top: #000000 1px solid; Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR>
    <TD VALIGN="TOP" STYLE="Border-Bottom: #000000 1px solid" ALIGN="RIGHT">2.</TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="Border-Bottom: #000000 1px solid">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<BR>
    (see instructions)<BR>(a)&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><BR>
    (b)&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT></TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">3.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SEC USE ONLY<BR>&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">4.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SOURCE OF FUNDS (see instructions)<BR>&nbsp;<BR><B>PF</B></TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">5.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)<BR> <FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT></TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">6.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">CITIZENSHIP OR PLACE OF ORGANIZATION<BR><BR>
<B>United States of America</B></TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="Font-Size: 9pt">
<TR>
    <TD WIDTH="14%"></TD>
    <TD WIDTH="3%"></TD>
    <TD WIDTH="2%"></TD>
    <TD WIDTH="3%"></TD>
    <TD WIDTH="78%"></TD></TR>
<TR VALIGN="TOP">
    <TD VALIGN="MIDDLE" ROWSPAN="4" ALIGN="CENTER" STYLE="Border-Bottom: #000000 1px solid">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
    PERSON WITH</TD>
    <TD VALIGN="BOTTOM">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">7.</TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SOLE VOTING POWER<BR>&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD VALIGN="BOTTOM">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">8.</TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SHARED VOTING POWER<BR>&nbsp;<BR><B>21,512,275 shares of Class B Common Stock
    <SUP>(1)</SUP></B></TD></TR>
<TR VALIGN="TOP">
    <TD VALIGN="BOTTOM">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">9.</TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid"><P STYLE="margin-top: 0; margin-bottom: 0">SOLE DISPOSITIVE POWER</P>
                                                 <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P></TD></TR>
<TR VALIGN="TOP">
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px Solid" ALIGN="RIGHT">10.</TD>
    <TD VALIGN="BOTTOM" STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">SHARED DISPOSITIVE POWER<BR>&nbsp;<BR>&nbsp;<B>21,512,275 shares of Class B Common Stock <SUP>(1)</SUP></B></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="Font-Size: 9pt">
<TR VALIGN="BOTTOM">
    <TD WIDTH="3%"></TD>
    <TD WIDTH="3%"></TD>
    <TD WIDTH="87%"></TD>
    <TD WIDTH="1%"></TD>
    <TD WIDTH="6%"></TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px solid" ALIGN="RIGHT">11.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON <BR><BR><B>21,512,275
    shares of Class B Common Stock <SUP>(1)</SUP></B></TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD>12.</TD>
    <TD>&nbsp;</TD>
    <TD>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES<BR>(see instructions)&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #000000 1px solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px solid" ALIGN="RIGHT">13.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) <BR><BR><B>55.2%
    <SUP><B>(2)</B></SUP></B></TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
<TR VALIGN="TOP">
    <TD STYLE="Border-Bottom: #000000 1px solid" ALIGN="RIGHT">14.</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">TYPE OF REPORTING PERSON (see instructions) <BR><BR><B>IN</B></TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD>
    <TD STYLE="Border-Bottom: #000000 1px solid">&nbsp;</TD></TR>
</TABLE>



<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">(1) The Reporting Person holds shares of Class B Common Stock,
which have the right to ten (10) votes per share of Class B Common Stock held of record by such holder. Class A Common Stock has
the right to one (1) vote per share of Class A Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">(2) See Item 5.</P>

<P STYLE="margin: 0"></P>

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    <TD STYLE="width: 1%; padding-bottom: 10pt"></TD>
    <TD STYLE="width: 1%; padding-bottom: 10pt"></TD>
    <TD STYLE="width: 8%; padding-bottom: 10pt"></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">CUSIP No.</P></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-size: 10pt">71742Q
        106</FONT> <FONT STYLE="font-size: 10pt"> </FONT></P></TD>
    <TD STYLE="vertical-align: top; padding-bottom: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Schedule 13D</FONT></TD>
    <TD STYLE="vertical-align: top; padding-bottom: 10pt"><FONT STYLE="font-size: 10pt">Page</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">4</P></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top; padding-bottom: 10pt"><FONT STYLE="font-size: 10pt">of&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">9</P></TD></TR>
</TABLE>


<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><B>Item&nbsp;1. Security and Issuer.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Amendment No. 1 to Schedule 13D (this &ldquo;Amendment&rdquo;) relates to the Class A Common Stock, par value $0.0001 per share (&ldquo;Class A Common Stock&rdquo;)
of Phibro Animal Health Corporation, a Delaware corporation (the &ldquo;Issuer&rdquo;). This Amendment is being filed by each of the Reporting Persons to amend the
Schedule 13D (the &ldquo;Schedule 13D&rdquo;) which was originally filed on April 29, 2014. Unless otherwise indicated, all capitalized terms used herein but not
defined herein shall have the same meanings as set forth in the Schedule 13D.
</P>

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    <TD STYLE="width: 1%; padding-bottom: 10pt"></TD>
    <TD STYLE="width: 1%; padding-bottom: 10pt"></TD>
    <TD STYLE="width: 20%; padding-bottom: 10pt"></TD>
    <TD STYLE="width: 57%; padding-bottom: 10pt"></TD>
    <TD STYLE="width: 1%; padding-bottom: 10pt"></TD>
    <TD STYLE="width: 1%; padding-bottom: 10pt"></TD>
    <TD STYLE="width: 8%; padding-bottom: 10pt"></TD>
    <TD STYLE="width: 1%; padding-bottom: 10pt"></TD>
    <TD STYLE="width: 1%; padding-bottom: 10pt"></TD>
    <TD STYLE="width: 1%; padding-bottom: 10pt"></TD>
    <TD STYLE="width: 8%; padding-bottom: 10pt"></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">CUSIP No.</P></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-size: 10pt">71742Q
        106</FONT> <FONT STYLE="font-size: 10pt"> </FONT></P></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Schedule 13D</FONT></TD>
    <TD STYLE="vertical-align: top; padding-bottom: 10pt"><FONT STYLE="font-size: 10pt">Page</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">5</P></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top; padding-bottom: 10pt"><FONT STYLE="font-size: 10pt">of&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">9</P></TD></TR>
</TABLE>


<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><B>Item&nbsp;4. Purpose of Transaction.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Item 4 of the Schedule 13D is hereby amended and
supplemented as follows:</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Pursuant to the Common Stock Purchase Warrant held by BFI Co., LLC (&ldquo;BFI&rdquo;), the warrant to purchase 386,750 shares of Class B Common Stock was
automatically exercised on August 1, 2014, at an exercise price of $11.83 per share of Class B Common Stock. BFI paid the exercise price on a cashless basis,
resulting in the Issuer withholding 223,075 shares of Class B Common Stock to pay the exercise price and issuing to BFI the remaining 163,675 shares of Class B Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><FONT STYLE="font-size: 10pt">The Class B Common
Stock is held by BFI.  Jack C. Bendheim, a reporting person, director and
officer of the Issuer, exercises voting and dispositive power over the shares of Class B Common Stock of the Issuer held by
BFI and may be deemed to have shared voting and investment power over the shares held by BFI. Jack C.
Bendheim disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. </FONT></P>

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    <TD STYLE="width: 57%; padding-bottom: 10pt"></TD>
    <TD STYLE="width: 1%; padding-bottom: 10pt"></TD>
    <TD STYLE="width: 1%; padding-bottom: 10pt"></TD>
    <TD STYLE="width: 8%; padding-bottom: 10pt"></TD>
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    <TD STYLE="width: 1%; padding-bottom: 10pt"></TD>
    <TD STYLE="width: 1%; padding-bottom: 10pt"></TD>
    <TD STYLE="width: 8%; padding-bottom: 10pt"></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">CUSIP No.</P></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-size: 10pt">71742Q
        106</FONT> <FONT STYLE="font-size: 10pt"> </FONT></P></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Schedule 13D</FONT></TD>
    <TD STYLE="vertical-align: top; padding-bottom: 10pt"><FONT STYLE="font-size: 10pt">Page</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">6</P></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top; padding-bottom: 10pt"><FONT STYLE="font-size: 10pt">of&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">9</P></TD></TR>
</TABLE>


<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><B>Item&nbsp;5. Interest in Securities of the Issuer.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in"><B></B>Item 5 of the Schedule 13D
is hereby amended and supplemented as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in"><B></B>The
ownership percentages set forth below are based on 17,442,953 shares of the Issuer&rsquo;s Class A Common Stock and 21,512,275
shares of the Issuer&rsquo;s Class B Common Stock outstanding as of the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in">(a)&nbsp; BFI directly
owns 21,512,275 shares of Class B Common Stock, representing 55.2% of the total number of shares of Class A Common
Stock outstanding, assuming that all outstanding shares of Class B Common Stock are exchanged into shares of Class A Common
Stock. As the Class A Manager of BFI, Jack C. Bendheim may be deemed to beneficially own the 21,512,275 shares of Class B
Common Stock owned by BFI.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in">(b) Jack C.
Bendheim has the sole authority to vote all of the common stock of the Issuer owned by BFI and, together with three of his adult
children, is the manager of BFI with respect to the economic rights pertaining to such common stock of the Issuer owned by BFI.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in">(c)&nbsp;Except as set forth herein, none of the
Reporting Persons has engaged in any transaction during the past 60 days in any shares of Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in">(d)&nbsp;Other
than the Reporting Persons, no other person is known to have the right to receive or the power to direct the receipt of dividends
from, or the proceeds from the sale of, the Reporting Persons&rsquo; securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in">(e)&nbsp;Not
applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"></P>

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<TR>
    <TD NOWRAP STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">CUSIP No.</P></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-size: 10pt">71742Q
        106</FONT> <FONT STYLE="font-size: 10pt"> </FONT></P></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Schedule 13D</FONT></TD>
    <TD STYLE="vertical-align: top; padding-bottom: 10pt"><FONT STYLE="font-size: 10pt">Page</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">7</P></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top; padding-bottom: 10pt"><FONT STYLE="font-size: 10pt">of&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">9</P></TD></TR>
</TABLE>


<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><B>Item&nbsp;7. Material to Be Filed as Exhibits.</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 12%; padding-bottom: 10pt; font-size: 10pt"></TD>
    <TD STYLE="width: 5%; padding-bottom: 10pt; font-size: 10pt"></TD>
    <TD STYLE="width: 83%; padding-bottom: 10pt; font-size: 10pt"></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-bottom: 10pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Exhibit 1</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt; font-size: 10pt"></TD>
    <TD STYLE="vertical-align: top; padding-bottom: 10pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Common Stock Purchase Warrant, dated as of January 29, 2009, incorporated by reference to Exhibit 10.8 to the Registration Statement on Form S-1 of Phibro Animal Health Corporation, filed on March 10, 2014.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0; text-indent: 0.5in"></P>





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    <TD STYLE="width: 57%; padding-bottom: 10pt"></TD>
    <TD STYLE="width: 1%; padding-bottom: 10pt"></TD>
    <TD STYLE="width: 1%; padding-bottom: 10pt"></TD>
    <TD STYLE="width: 8%; padding-bottom: 10pt"></TD>
    <TD STYLE="width: 1%; padding-bottom: 10pt"></TD>
    <TD STYLE="width: 1%; padding-bottom: 10pt"></TD>
    <TD STYLE="width: 1%; padding-bottom: 10pt"></TD>
    <TD STYLE="width: 8%; padding-bottom: 10pt"></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">CUSIP No.</P></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-size: 10pt">71742Q
        106</FONT> <FONT STYLE="font-size: 10pt"> </FONT></P></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Schedule 13D</FONT></TD>
    <TD STYLE="vertical-align: top; padding-bottom: 10pt"><FONT STYLE="font-size: 10pt">Page</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">8</P></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top; padding-bottom: 10pt"><FONT STYLE="font-size: 10pt">of&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">9</P></TD></TR>
</TABLE>


<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;After reasonable
inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete
and correct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">August 11, 2014&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%; border-bottom: Black 1pt solid">/s/ Jack C. Bendheim</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Jack C. Bendheim</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0pt; margin-top: 0pt; margin-bottom: 6pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0pt; margin-top: 0pt; margin-bottom: 6pt"></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0; margin-top: 0pt; margin-bottom: 6pt"></P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="text-transform: uppercase"><B>BFI Co.,
LLC</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 50%">&nbsp;</TD>
    <TD STYLE="width: 4%">By:&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 46%">/s/ &#9;Jack C. Bendheim</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: #000000 1px solid">Name: Jack C. Bendheim<BR>Title: Class A Manager</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0pt; margin-top: 0pt; margin-bottom: 6pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0pt; margin-top: 0pt; margin-bottom: 6pt"></P>

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    <TD STYLE="width: 57%; padding-bottom: 10pt"></TD>
    <TD STYLE="width: 1%; padding-bottom: 10pt"></TD>
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    <TD STYLE="width: 8%; padding-bottom: 10pt"></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">CUSIP No.</P></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-size: 10pt">71742Q
        106</FONT> <FONT STYLE="font-size: 10pt"> </FONT></P></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Schedule 13D</FONT></TD>
    <TD STYLE="vertical-align: top; padding-bottom: 10pt"><FONT STYLE="font-size: 10pt">Page</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">9</P></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top; padding-bottom: 10pt"><FONT STYLE="font-size: 10pt">of&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt"></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">9</P></TD></TR>
</TABLE>


<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B>Index of Exhibits</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 12%; padding-bottom: 10pt; font-size: 10pt"></TD>
    <TD STYLE="width: 5%; padding-bottom: 10pt; font-size: 10pt"></TD>
    <TD STYLE="width: 83%; padding-bottom: 10pt; font-size: 10pt"></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-bottom: 10pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Exhibit 1</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt; font-size: 10pt"></TD>
    <TD STYLE="vertical-align: top; padding-bottom: 10pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Common Stock Purchase Warrant, dated as of January 29, 2009, incorporated by reference to Exhibit 10.8 to the Registration Statement on Form S-1 of Phibro Animal Health Corporation, filed on March 10, 2014.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0; text-indent: 0.5in">&nbsp;</P>


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