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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __________)*
CELADON GROUP, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
150838100
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP No. 150838100 Page ____ of ____Pages
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13G
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| NAME OF REPORTING PERSON
1 | S.S or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
|
| FSIP, LLC
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| CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 | (a) [ ]
| (b) [ ]
|
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| SEC USE ONLY
3 |
|
|
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| CITIZENSHIP OR PLACE OF ORGANIZATION
4 |
| DELAWARE
|
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| | SOLE VOTING POWER
NUMBER OF | 5 |
| |
SHARES | | 446,700
|----|-----------------------------------------------------------
BENEFICIALLY | | SHARED VOTING POWER
| 6 |
OWNED BY | |
| | --
EACH |----|-----------------------------------------------------------
| | SOLE DISPOSITIVE POWER
REPORTING | 7 |
| |
PERSON | | 446,700
|----|-----------------------------------------------------------
WITH | | SHARED DISPOSITIVE POWER
| 8 |
| |
| |
| | --
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| AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9 |
|
| 446,700
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| CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10 |
|
|
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| PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11 |
|
| 5.8%
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| TYPE OF REPORTING PERSON*
12 |
|
| IA
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*SEE INSTRUCTION BEFORE FILING OUT!
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CUSIP No. 150838100 Page ____ of ____Pages
Item 1(a) Name of Issuer: Celadon Group, Inc.
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Item 1(b) Address of Issuer's Principal Executive Offices:
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9503 E. 33 Street, One Celadon Drive
Indinapolis, IN 46234
Item 2(a) Name of Person Filing:
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FSIP, LLC
Item 2(b) Address of Principal Business Office:
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230 Park Avenue
New York, N.Y.
Item 2(c) Place of Organization:
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Delaware
Item 2(d) Title of Class of Securities: Common
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Item 2(e) CUSIP Number: 150838100
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Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
- ------ check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19) of the Act
(d) [ ] Investment Company registered under section 8 of the Investment
Company Act
(e) [ ] Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f) [ ] Employee Benefit Plan. Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
or Endowment Fund: 240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with 240.13d-1(b)(ii)(G)
(Note: See Item 7)
(h) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(H)
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CUSIP No. 150838100 Page ____ of ____Pages
Item 4 Ownership.
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(a) Amount Beneficially Owned: 446,700
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(b) Percent of Class: 5.8%
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(c) Number of shares as to which
such person has:
(i) sole power to vote or to direct the vote 446,700
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(ii) shared power to vote or to direct the vote
---------------
(iii) sold power to dispose or to direct the
disposition of 446,700
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(iv) shared power to dispose or to direct the
disposition of
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Item 5 Ownership of Five Percent or Less of a Class.
- ------ ---------------------------------------------
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check
the following:
NA [ ]
Item 6 Ownership of More than Five Percent on Behalf of Another Person.
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NA
Item 7 Identification and Classification of the Subsidiary Which
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Acquired the Security Being Reported on By the Parent
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Holding Company.
----------------
NA
Item 8 Identification and Classification of Members of the Group.
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NA
Item 9 Notice of Dissolution of Group.
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NA
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CUSIP No. 150838100 Page ____ of ____Pages
Item 10 Certification.
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By signing below, I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in
the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or influencing
the control of the issuer of such securities and were not
acquired in connection with or as a participant in any transaction
having such purposes or effect.
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.
Date: 1/12/99
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Signature: /s/ Steven D. Blecher
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Name/Title: Steven D. Blecher, Vice Chairman
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