<SEC-DOCUMENT>0001571049-16-013302.txt : 20160323
<SEC-HEADER>0001571049-16-013302.hdr.sgml : 20160323
<ACCEPTANCE-DATETIME>20160323171509
ACCESSION NUMBER:		0001571049-16-013302
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20160323
DATE AS OF CHANGE:		20160323
GROUP MEMBERS:		JACK C. BENDHEIM

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PHIBRO ANIMAL HEALTH CORP
		CENTRAL INDEX KEY:			0001069899
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		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:		161524628

	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>t1600806_sc13da.htm
<DESCRIPTION>AMENDMENT NO. 5 TO SCHEDULE 13D
<TEXT>
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<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 17pt"><B>UNITED STATES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 17pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 11pt"><B>Washington,
D.C. 20549</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 17pt"><B>SCHEDULE 13D/A</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 11pt"><B>Under The
Securities Exchange Act Of 1934</B></FONT><B> </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 11pt"><B>(Amendment
No. 5)</B></FONT></P>

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 14pt"><B>Phibro Animal
Health Corporation</B></FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 8pt">(Title of Class
of Securities)</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 8pt">(CUSIP Number)</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>c/o Jack C. Bendheim</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Glenpointe Centre East, 3rd Fl.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>300 Frank W. Burr Blvd., Ste 21</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Teaneck, NJ 07666-6712</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(201) 329-7300</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 8pt">(Name, Address
and Telephone Number of Person Authorized to</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 8pt">Receive Notices
and Communications)</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>March 23, 2016</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 8pt">(Date of Event
which Requires Filing of this Statement)</FONT></P>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The information required
on the remainder of this cover page shall not be deemed to be &ldquo;filed&rdquo; for the purpose of Section 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">&nbsp;</P>

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

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


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CUSIP NO. 71742Q 106</FONT></TD>
    <TD STYLE="width: 33%; text-align: center; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13D</FONT></TD>
    <TD STYLE="width: 33%; text-align: right; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Page 2</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 6%; border: black 1pt solid; padding-right: 0.05in; padding-bottom: 4pt; padding-left: 9pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">1</FONT></TD>
    <TD STYLE="vertical-align: top; width: 94%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05in; padding-bottom: 4pt; padding-left: 0.05in">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.05in">NAME OF REPORTING PERSONS .R.S. IDENTIFICATION NOS. OF
        ABOVE PERSONS (ENTITIES ONLY)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 0 0.05in"><B>BFI Co., LLC</B></P></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 9pt; font-size: 10pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">2</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 6pt; padding-bottom: 4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(a) <FONT STYLE="font-family: Wingdings">&uml;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)
        <FONT STYLE="font-family: Wingdings">&uml;</FONT></P></TD></TR>
<TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.05in; padding-bottom: 4pt; padding-left: 9pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">3</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 0.05in; padding-bottom: 4pt; padding-left: 6pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">SEC USE ONLY</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-bottom: 4pt; padding-left: 9pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">4</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-bottom: 4pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SOURCE OF FUNDS (see instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>OO </B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 9pt; font-size: 10pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">5</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 6pt; padding-bottom: 4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
        TO ITEMS 2(d) or 2(e)</P>
        <P STYLE="font: 10pt Wingdings; margin: 0">&uml;</P></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; border-right: black 1pt solid; padding-right: 0.05in; padding-bottom: 4pt; padding-left: 9pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">6</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; padding-right: 0.05in; padding-bottom: 4pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">CITIZENSHIP OR PLACE OR ORGANIZATION</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Delaware</B></P></TD></TR>
</TABLE>


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

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


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD ROWSPAN="4" STYLE="width: 18%; border: black 1pt solid; padding-right: 0.05in; padding-left: 0.05in; font-size: 10pt; text-align: center; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">NUMBER OF</FONT><BR>
<FONT STYLE="font-size: 10pt">SHARES</FONT><BR>
<FONT STYLE="font-size: 10pt">BENEFICIALLY</FONT><BR>
<FONT STYLE="font-size: 10pt">OWNED BY </FONT><BR>
<FONT STYLE="font-size: 10pt">EACH</FONT><BR>
<FONT STYLE="font-size: 10pt">REPORTING</FONT><BR>
<FONT STYLE="font-size: 10pt">PERSON</FONT><BR>
<FONT STYLE="font-size: 10pt">WITH</FONT></TD>
    <TD STYLE="text-align: left; width: 5%; border-top: Black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05in; padding-left: 9pt; font-size: 10pt; padding-bottom: 4pt; vertical-align: middle"><FONT STYLE="font-size: 10pt">7</FONT></TD>
    <TD STYLE="vertical-align: top; width: 77%; border-top: Black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05in; padding-left: 4.3pt; padding-bottom: 4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SOLE VOTING POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05in; padding-left: 9pt; font-size: 10pt; padding-bottom: 4pt; text-align: left; vertical-align: middle"><FONT STYLE="font-size: 10pt">8</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05in; padding-left: 4.3pt; padding-bottom: 4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SHARED VOTING POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">20,960,236<SUP>(1)</SUP></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05in; padding-left: 9pt; font-size: 10pt; padding-bottom: 4pt; text-align: left; vertical-align: middle"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05in; padding-left: 4.3pt; padding-bottom: 4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SOLE DISPOSITIVE POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05in; padding-left: 9pt; font-size: 10pt; padding-bottom: 4pt; text-align: left; vertical-align: middle"><FONT STYLE="font-size: 10pt">10</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05in; padding-left: 4.3pt; padding-bottom: 4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SHARED DISPOSITIVE POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">20,960,236<SUP>(1)</SUP></P></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 7%; border-left: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 9pt; font-size: 10pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">11</FONT></TD>
    <TD STYLE="vertical-align: top; width: 93%; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 6pt; padding-bottom: 4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">20,960,236<SUP>(1)</SUP></P></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 9pt; font-size: 10pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">12</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 6pt; padding-bottom: 4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
        (see instructions)</P>
        <P STYLE="font: 10pt Wingdings; margin: 0">&uml;</P></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 9pt; font-size: 10pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">13</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 6pt; padding-bottom: 4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">53.2%<SUP>(2)</SUP></P></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 9pt; font-size: 10pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">14</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 6pt; padding-bottom: 4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">TYPE OF REPORTING PERSON</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>HC</B></P></TD></TR>
</TABLE>


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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>The Reporting Person holds 72,425 shares of Class A Common Stock,
                                         par value $0.0001 per share (&ldquo;<U>Class A Common Stock</U>&rdquo;), and 20,887,811
                                         shares of Class B Common Stock, par value $0.0001 per share (&ldquo;<U>Class B Common
                                         Stock</U>&rdquo;) as of March 23, 2016. Class B Common Stock has economic rights
                                         identical to shares of Class A Common Stock and entitles the record holder to ten (10)
                                         votes per share of Class B Common Stock on all matters to be voted on by stockholders
                                         generally. Class A Common Stock entitles the record holder to one (1) vote per share
                                         of Class A Common Stock.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>See Item 5.</TD></TR></TABLE>

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


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    <TD STYLE="width: 34%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CUSIP NO. 71742Q 106</FONT></TD>
    <TD STYLE="width: 33%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13D</FONT></TD>
    <TD STYLE="width: 33%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Page 3</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 7%; border: black 1pt solid; padding-right: 0.05in; padding-bottom: 4pt; padding-left: 9pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">1</FONT></TD>
    <TD STYLE="vertical-align: top; width: 93%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05in; padding-bottom: 4pt; padding-left: 0.05in">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.05in">NAME OF REPORTING PERSONS .R.S. IDENTIFICATION NOS. OF
        ABOVE PERSONS (ENTITIES ONLY)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 0 0.05in"><B>Jack C. Bendheim</B></P></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 9pt; font-size: 10pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">2</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 6pt; padding-bottom: 4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(a) <FONT STYLE="font-family: Wingdings">&uml;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)
        <FONT STYLE="font-family: Wingdings">&uml;</FONT></P></TD></TR>
<TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.05in; padding-bottom: 4pt; padding-left: 9pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">3</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 0.05in; padding-bottom: 4pt; padding-left: 6pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">SEC USE ONLY</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 9pt; font-size: 10pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">4</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 6pt; padding-bottom: 4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SOURCE OF FUNDS (see instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>PF</B></P></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 9pt; font-size: 10pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">5</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 6pt; padding-bottom: 4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
        TO ITEMS 2(d) or 2(e)</P>
        <P STYLE="font: 10pt Wingdings; margin: 0">&uml;</P></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; border-right: black 1pt solid; padding-right: 0.05in; padding-left: 9pt; font-size: 10pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">6</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; padding-right: 0.05in; padding-left: 6pt; padding-bottom: 4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">CITIZENSHIP OR PLACE OR ORGANIZATION</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>United States of America</B></P></TD></TR>
</TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD ROWSPAN="4" STYLE="width: 18%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; border-left: black 1pt solid; padding-right: 0.05in; padding-left: 0.05in; font-size: 10pt; text-align: center; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">NUMBER OF</FONT><BR>
<FONT STYLE="font-size: 10pt">SHARES</FONT><BR>
<FONT STYLE="font-size: 10pt">BENEFICIALLY</FONT><BR>
<FONT STYLE="font-size: 10pt">OWNED BY </FONT><BR>
<FONT STYLE="font-size: 10pt">EACH</FONT><BR>
<FONT STYLE="font-size: 10pt">REPORTING</FONT><BR>
<FONT STYLE="font-size: 10pt">PERSON</FONT><BR>
<FONT STYLE="font-size: 10pt">WITH</FONT></TD>
    <TD STYLE="width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 9pt; font-size: 10pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">7</FONT></TD>
    <TD STYLE="vertical-align: top; width: 77%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 4.3pt; padding-bottom: 4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SOLE VOTING POWER &nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
<TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 9pt; font-size: 10pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">8</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 4.3pt; padding-bottom: 4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SHARED VOTING POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">20,960,236<SUP>(1)</SUP></P></TD></TR>
<TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 9pt; font-size: 10pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 4.3pt; padding-bottom: 4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SOLE DISPOSITIVE POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
<TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 9pt; font-size: 10pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">10</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 4.3pt; padding-bottom: 4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SHARED DISPOSITIVE POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">20,960,236<SUP> (1)</SUP></P></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 7%; border-left: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 9pt; font-size: 10pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">11</FONT></TD>
    <TD STYLE="vertical-align: top; width: 93%; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 6pt; padding-bottom: 4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">20,960,236<SUP>(1)</SUP></P></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 9pt; font-size: 10pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">12</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 6pt; padding-bottom: 4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
        (see instructions)</P>
        <P STYLE="font: 10pt Wingdings; margin: 0">&uml;</P></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 9pt; font-size: 10pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">13</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 6pt; padding-bottom: 4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">53.2%<SUP>(2)</SUP></P></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 9pt; font-size: 10pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">14</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.05in; padding-left: 6pt; padding-bottom: 4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">TYPE OF REPORTING PERSON</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>IN</B></P></TD></TR>
</TABLE>


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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>The Reporting Person is the beneficial owner of 72,425 shares
                                         of Class A Common Stock and 20,887,811 shares of Class B Common Stock as of March 23,
                                         2016. Class B Common Stock has economic rights identical to shares of Class A Common
                                         Stock and entitles the record holder to ten (10) votes per share of Class B Common Stock
                                         on all matters to be voted on by stockholders generally. Class A Common Stock entitles
                                         the record holder to one (1) vote per share of Class A Common Stock.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>See Item 5.</TD></TR></TABLE>

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


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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Amendment No. 5 to Schedule 13D (this &ldquo;Amendment&rdquo;)
relates to the Class A Common Stock of Phibro Animal Health Corporation, a Delaware corporation (the &ldquo;Issuer&rdquo;), beneficially
owned by the Reporting Persons. 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 and amended by that certain Amendment No. 1 to Schedule 13D, filed on
August 11, 2014, that certain Amendment No. 2 to Schedule 13D, filed on March 24, 2015 (&ldquo;Amendment No. 2&rdquo;), that certain
Amendment No. 3 to Schedule 13-D, filed August 4, 2015, and that certain Amendment No. 4 to Schedule 13-D, filed November 2, 2015.
Except as otherwise set forth herein, this Amendment does not modify any of the information previously reported by the Reporting
Parties in the Schedule 13D.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Item 4 of the Schedule 13D is hereby supplemented
as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">On March 14, 2016, BFI Co., LLC (&ldquo;BFI&rdquo;) entered into
a Rule 10b5-1 sales plan (the &ldquo;Sales Plan&rdquo;) with Goldman, Sachs &amp; Co. (&ldquo;Broker&rdquo;) pursuant to which
Broker is authorized and directed to sell on behalf of BFI up to 1,304,000 shares of Class A Common Stock through July 6, 2017,
subject to satisfaction of certain conditions, including among others, minimum sale price and limit on the number of shares that
can be sold on a single trading day. All transactions under the Sales Plan are to be made in accordance with the terms and conditions
of the Sales Plan. The Sales Plan was adopted to enable BFI to sell a modest portion of its shares of Common Stock (BFI holds
Class B Common Stock which is exchangeable for Class A Common Stock on a 1:1 basis). By using a Rule 10b5-1 Sales Plan, BFI can
diversify its investment portfolio over an extended period of time. However, the Sales Plan will not be effected until the expiration
of the current sales plan, which expires on June 9, 2016. As of March 23, 2016, if all unsold shares covered by the current
sales plan and all shares covered by the new Sales Plan are sold, BFI will continue to hold 19,060,850 shares of Class B Common
Stock, which are exchangeable for 19,060,850 shares of Class A Common Stock.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Except as described above, none of the Reporting
Persons currently has any plans or proposals which would be related to or would result in any of the matters described in Items
4(a)-(j) of Schedule 13D. However, as part of the ongoing evaluation of investment alternatives, the Reporting Persons may consider
such matters and, subject to applicable law, may formulate a plan with respect to such matters, and, from time to time, one or
more Reporting Persons may hold discussions with or make formal proposals to management or the Board of Directors of the Issuer
or other third parties regarding such matters as permitted by law.</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
ownership percentages set forth below are based on 18,509,757 shares of the Class A Common Stock and 20,887,811 shares of the
Class B Common Stock outstanding as of March 23, 2016. The amounts outstanding were calculated by using the amounts reported
in the Issuer&rsquo;s Form 10-Q, for the three months ended December 31, 2015, filed on February 9, 2016</FONT> and then adjusting
such amounts pursuant to the transactions reported by the Reporting Person on its Statements of Changes in Beneficial Ownership
on Form 4, filed on February 12, 2016 and by certain other investors on their respective Statements in Beneficial Ownership on
Form 4 filed on February 23, 2016.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a) BFI directly owns 72,425 shares of Class
A Common Stock and 20,887,811 shares of Class B Common Stock as of March 23, 2016, representing 53.2% 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 72,425 shares
of Class A Common Stock and 20,887,811 shares of Class B Common Stock owned by BFI.</P>

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

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


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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">March 23, 2016</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Jack C. Bendheim</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;Jack C. Bendheim</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 46%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>BFI Co., LLC</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Jack C. Bendheim</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Jack C. Bendheim: Class A Manager</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in">&nbsp;</P>



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

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