X0202 4 2006-04-12 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 2006-04-12 4 G 0 14850 0.00 D 1064494 D Common Stock 2006-07-07 5 G 0 E 1000 0 D 1063494 D Common Stock 2006-07-10 5 G 0 E 900 0 D 1062594 D Common Stock 2006-07-18 5 G 0 E 3050 0 D 1059544 D Common Stock 2006-10-18 5 G 0 E 1550 0 D 1057994 D Common Stock 2006-11-22 5 G 0 E 600 0 D 1057394 D Common Stock 2006-12-14 5 G 0 E 3800 0 D 1053594 D Common Stock 2007-01-04 5 G 0 E 3300 0 D 1050294 D Common Stock 42000 I By Spouse All transactions, to the extent applicable, have been adjusted to give effect to the 3-for-2 stock splits declared February 1, 2006 and June 1, 2006. 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 Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC 2007-02-13