X0202 3 2007-01-31 0 0000865941 CELADON GROUP INC CLDN 0001388496 Core Kenneth ONE CELADON DRIVE 9503 EAST 33RD STREET INDIANAPOLIS IN 46235 0 1 0 0 Vice President and Secretary Common Stock 10800 D Employee Stock Option (Right-to-Buy) 6.22 2010-06-26 Common Stock 4500 D Employee Stock Option (Right-to-Buy) 1.67 2010-11-30 Common Stock 4500 D Employee Stock Option (Right-to-Buy) 1.71 2011-09-07 Common Stock 2250 D Employee Stock Option (Right-to-Buy) 1.71 2011-10-01 Common Stock 2250 D Employee Stock Option (Right-to-Buy) 12.81 2016-01-12 Common Stock 9450 D Original grant was an option to purchase 2,000 shares of the Issuer?s Common Stock, which vested 667, 667, and 666 on 06/26/2001, 06/26/2002, and 06/26/2003, respectively. The derivative security reported in Table II has been adjusted for the 3-for-2 stock splits declared on 02/01/2006 and 06/01/2006. Upon exercise, the derivative security converts on a one-to-one basis into the Issuer?s Common Stock. Original grant was an option to purchase 2,000 shares of the Issuer?s Common Stock, which vested 667, 667, and 666 on 11/30/2001, 11/30/2002, and 11/30/2003, respectively. The derivative security reported in Table II has been adjusted for the 3-for-2 stock splits declared on 02/01/2006 and 06/01/2006. Upon exercise, the derivative security converts on a one-to-one basis into the Issuer?s Common Stock. Original grant was an option to purchase 1,000 shares of the Issuer?s Common Stock, which vested 334, 333, and 333 on 09/07/2002, 09/07/2003, and 09/07/2004, respectively. The derivative security reported in Table II has been adjusted for the 3-for-2 stock splits declared on 02/01/2006 and 06/01/2006. Upon exercise, the derivative security converts on a one-to-one basis into the Issuer?s Common Stock. Original grant was an option to purchase 1,000 shares of the Issuer?s Common Stock, which vested 334, 333, and 333 on 10/01/2002, 10/01/2003, and 10/01/2004. The derivative security has been adjusted for the 3-for-2 stock splits declared on 02/01/2006 and 06/01/2006. Upon exercise, the derivative security converts on a one-to-one basis into the Issuer?s Common Stock. Original grant was an option to purchase 4,200 shares of the Issuer's Common Stock, which vested 1,050 on 01/12/2007 and becomes exercisable with respect to the remaining shares as they vest 1,050, 1,050, and 1,050 on 01/12/2008, 01/12/2009, and 01/12/2010. The derivative security has been adjusted for the 3-for-2 stock split declared on 02/01/2006 and 06/01/2006. Upon exercise, the derivative security converts on a one-to-one basis into the Issuer?s Common Stock. /s/ Kenneth Core, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a Power of Attorney filed herewith 2007-02-02