Item 8.01 Other Events.

On February 4, 2013, Stephen Russell, Chairman of the Board 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 200,000 shares, or approximately 14% of Mr. Russell's holdings of the Company's common stock and related derivative securities. Beginning on February 6, 2013, a brokerage firm may sell the shares of Celadon common stock owned by Mr. Russell; provided that certain market prices for the Company's common stock are met. Mr. Russell's Plan terminates on November 5, 2013. Additionally, Mr. Russell submitted notice to the Company of his exercise of 80,000 options to purchase the Company's common stock at an exercise price of $8.67 per share.

Transactions made under the Plan and the option exercise 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 regarding the option exercise or under the Plan or any other plan that may be adopted by other officers or directors of the Company.

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