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TFS CAPITAL LLC
> PAHC
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2017 | PHIBRO ANIMAL HEALTH CORP | PAHC | 0 | -42,591 | 0 | -1,578,000 | |
| 06/30/2017 | PHIBRO ANIMAL HEALTH CORP | PAHC | 42,591 | -16,724 | 1,578,000 | -89,000 | $37.05 |
| 03/31/2017 | PHIBRO ANIMAL HEALTH CORP | PAHC | 59,315 | -9,545 | 1,667,000 | -351,000 | $28.10 |
| 12/31/2016 | PHIBRO ANIMAL HEALTH CORP | PAHC | 68,860 | -46,798 | 2,018,000 | -140,000 | $29.31 |
| 06/30/2016 | PHIBRO ANIMAL HEALTH CORP | PAHC | 115,658 | 115,658 | 2,158,000 | 2,158,000 | $18.66 |
| 03/31/2016 | PHIBRO ANIMAL HEALTH CORP | PAHC | 65,112 | 65,112 | 1,761,000 | 1,761,000 | $27.05 |
| 12/31/2015 | PHIBRO ANIMAL HEALTH CORP | PAHC | 170,283 | 170,283 | 5,131,000 | 5,131,000 | $30.13 |
| 09/30/2015 | PHIBRO ANIMAL HEALTH CORP | PAHC | 175,348 | 175,348 | 5,546,000 | 5,546,000 | $31.63 |
| 06/30/2015 | PHIBRO ANIMAL HEALTH CORP | PAHC | 130,011 | 130,011 | 5,063,000 | 5,063,000 | $38.94 |
| 03/31/2015 | PHIBRO ANIMAL HEALTH CORP | PAHC | 143,549 | 143,549 | 5,083,000 | 5,083,000 | $35.41 |
| 12/31/2014 | PHIBRO ANIMAL HEALTH CORP | PAHC | 65,507 | 65,507 | 2,067,000 | 2,067,000 | $31.55 |
| 09/30/2014 | PHIBRO ANIMAL HEALTH CORP | PAHC | 0 | -13,932 | 0 | -306,000 | |
| 06/30/2014 | PHIBRO ANIMAL HEALTH CORP | PAHC | 13,932 | 13,932 | 306,000 | 306,000 | $21.96 |
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