X0202 4 2006-06-12 0 0000865941 CELADON GROUP INC CLDN 0001023971 RUSSELL STEPHEN ONE CELADON DRIVE 9503 EAST 33RD STREET INDIANAPOLIS IN 46235 1 1 0 0 Chairman and CEO Common Stock 2006-06-12 4 S 0 3800 27.00 D 719563 D Common Stock 28000 I By Spouse The number of shares reported and price per share do not reflect the distribution of the 3-for-2 stock split to which all stockholders of record on June 1, 2006, of the issuer are entitled, as the June 15, 2006, distribution date had not passed at the time of the reported transaction. The reporting person disclaims beneficial ownership of these securities and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. The reporting person?s spouse owned these shares prior to her marriage to the reporting person. /s/ Stephen A. Russell, by Mark A. Scudder, attorney-in-fact, pursuant to a POA previously filed with the SEC 2006-06-14