UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
__________________________________________________________________
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of the Securities Exchange Act of
1934
Date
of
Report (Date of earliest event reported):
March
5,
2007
__________________________________________________________________
CELADON
GROUP, INC.
(Exact
name of registrant as specified in its charter)
|
Delaware
|
000-23192
|
13-3361050
|
|
(State
or other jurisdiction
of
incorporation)
|
(Commission
File
Number)
|
(IRS
Employer
Identification
No.)
|
|
9503
East 33rd
Street
One
Celadon Drive, Indianapolis, IN
|
46235
|
|
(Address
of principal executive offices)
|
(Zip
Code)
|
(317)
972-7000
(Registrant's
telephone number, including area code)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
|
[
]
|
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
|
|
[
]
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
[
]
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
|
|
[
]
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
|
Item
8.01 Other
Events.
On
March
5, 2007, Stephen Russell, Chairman of the Board and Chief Executive Officer
of
Celadon Group, Inc., a Delaware corporation (the "Company"), adopted a written
sales plan in accordance with Rule 10b5-1 of the Securities Exchange Act of
1934, as amended (the "Plan") for trading 120,000 shares, or approximately
7% of
the shares and related derivatives of the Company’s common stock owned by Mr.
Russell. The press release issued by the Company with respect to the Plan is
attached hereto as Exhibit 99.
Transactions
made under the
Plan
will be reported to the Securities and Exchange Commission in accordance with
applicable securities laws, rules, and regulations. Except as may be so
required, the Company does not undertake any obligation to update or report
any
modification, termination, or other activity under the Plan or any other plan
that may be adopted by other officers or directors of the Company.
Item
9.01 Financial
Statements and Exhibits.
|
(d)
|
Exhibits.
|
|||
|
EXHIBIT
|
||||
|
NUMBER
|
EXHIBIT
DESCRIPTION
|
|||
|
Celadon
Group, Inc. press release announcing Russell 10b5-1
plan
|
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
|
CELADON
GROUP, INC.
|
||
|
Date:
March 5, 2007
|
By:
|
/s/
Stephen Russell
|
|
Stephen
Russell
|
||
|
Chairman
and Chief Executive Officer
|
EXHIBIT
INDEX
|
EXHIBIT
NUMBER
|
EXHIBIT
DESCRIPTION
|
|
|
Celadon
Group, Inc. press release announcing Russell 10b5-1
plan
|