Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Core Kenneth
 2. Date of Event Requiring Statement (Month/Day/Year)
01/31/2007		 3. Issuer Name and Ticker or Trading Symbol
CELADON GROUP INC [CLDN]
(Last)
(First)
(Middle)
ONE CELADON DRIVE, 9503 EAST 33RD STREET		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice President and Secretary
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

INDIANAPOLIS, IN 46235		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 10,800
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right-to-Buy)   (1) 06/26/2010 Common Stock 4,500 $ 6.22 D  
Employee Stock Option (Right-to-Buy)   (2) 11/30/2010 Common Stock 4,500 $ 1.67 D  
Employee Stock Option (Right-to-Buy)   (3) 09/07/2011 Common Stock 2,250 $ 1.71 D  
Employee Stock Option (Right-to-Buy)   (4) 10/01/2011 Common Stock 2,250 $ 1.71 D  
Employee Stock Option (Right-to-Buy)   (5) 01/12/2016 Common Stock 9,450 $ 12.81 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Core Kenneth
ONE CELADON DRIVE
9503 EAST 33RD STREET
INDIANAPOLIS, IN 46235		       Vice President and Secretary  

Signatures

/s/ Kenneth Core, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a Power of Attorney filed herewith 02/02/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) 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.
(2) 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.
(3) 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.
(4) 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.
(5) 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.

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