SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* MERITAGE INVESTMENT PARTNERS LLC (Last) (First) (Middle) 1600 WYNKOOP STREET SUITE 300 (Street) DENVER CO 80202 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol EXABYTE CORP /DE/ [ EXBY ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 09/21/2005
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common	09/21/2005		J		569,908	A	(1)	53,066,876	I(2)	General partner of direct beneficial owners
Common	10/20/2005		J		68,849	A	(3)	53,135,725	I(4)	General partner of direct beneficial owners
Common	12/01/2005		J		163,815(13)	A	(5)	5,477,386(13)	I(6)	General Partner of direct beneficial owners
Common	02/16/2006		J		21,108	A	(7)	5,498,494	I(8)	General partner of direct beneficial owners
Common	03/01/2006		J		238,473	A	(9)	5,736,967	I(10)	General partner of direct beneficial owners
Common	03/28/2006		J		4,164	A	(11)	5,741,131	I(12)	General partner of direct beneficial owners
Common	06/01/2006		J		441,648	A	(14)	6,182,779	I(15)	General Partner of direct beneficial owners
Common	06/01/2006		J		526,267	A	(16)	6,709,046	I(17)	General Partner of direct beneficial owners
Common	10/06/2006		J		8,703,075	A	(18)	15,412,121	I(19)	General Partner of direct beneficial owners

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* MERITAGE INVESTMENT PARTNERS LLC (Last) (First) (Middle) 1600 WYNKOOP STREET SUITE 300 (Street) DENVER CO 80202 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* MERITAGE PRIVATE EQUITY FUND LP (Last) (First) (Middle) 1600 WYNKOOP STREET SUITE 300 (Street) DENVER CO 80202 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. Shares were issued as compensation for director services for the Issuer and were issued to investment funds, per a contractual agreement, of which Reporting Person is the general partner. Of such shares, 507,788 were issued to Meritage Private Equity Fund, L.P.

2. Of such shares, 46,537,160 are directly beneficially owned by Meritage Private Equity Fund, L.P. and are indirectly beneficially owned by the Reporting Person as the general partner.

3. Shares were issued as compensation for director services for the Issuer and were issued to investment funds, per a contractual agreement, of which Reporting Person is the general partner. Of such shares, 61,345 were issued to Meritage Private Equity Fund, L.P.

4. Of such shares, 46,598,505 are directly beneficially owned by Meritage Private Equity Fund, L.P. and are indirectly beneficially owned by the Reporting Person as the general partner.

5. Shares were issued in payment of a dividend on Series AA Preferred Stock held by investment funds of which Reporting Person is the general partner. Of such shares, 143,635 were issued to Meritage Private Equity Fund, L.P.

6. Of such shares, 4,803,485 are directly beneficially owned by Meritage Private Equity Fund, L.P., 587,288 and are indirectly beneficially owned by the Reporting Person as the general partner.

7. Shares were issued as compensation for director services for the Issuer and were issued to investment funds, per a contractual agreement, of which Reporting Person is the general partner. Of such shares, 18,808 were issued to Meritage Private Equity Fund, L.P.

8. Of such shares, 4,822,293 are directly beneficially owned by Meritage Private Equity Fund, L.P. and are indirectly beneficially owned by the Reporting Person as the general partner.

9. Shares were issued in payment of a dividend on Series AA Preferred Stock held by investment funds of which Reporting Person is the general partner. Of such shares, 209,096 were issued to Meritage Private Equity Fund, L.P.

10. Of such shares, 5,031,389 are directly beneficially owned by Meritage Private Equity Fund, L.P., 615,151 and are indirectly beneficially owned by the Reporting Person as the general partner.

11. Shares were issued as compensation for director services for the Issuer and were issued to investment funds, per a contractual agreement, of which Reporting Person is the general partner. Of such shares, 3,708 were issued to Meritage Private Equity Fund, L.P.

12. Of such shares, 5,035,097 are directly beneficially owned by Meritage Private Equity Fund, L.P. and 615,607 and are indirectly beneficially owned by the Reporting Person as the general partner.

13. Shares are post reverse stock split. The reverse stock split occurred on October 31, 2005.

14. Shares were issued in payment of a dividend on Series AA Preferred Stock held by investment funds of which Reporting Person is the general partner. Of such shares, 387,241 were issued to Meritage Private Equity Fund, L.P.

15. Of such shares, 5,422,338 are directly beneficially owned by Meritage Private Equity Fund, L.P. and are indirectly beneficially owned by the Reporting Person as the general partner.

16. Shares were issued as interest payment on 10% Secured Convertible Subordinated Notes held by investment funds of which Reporting Person is the general partner. Of such shares, 461,405 were issued to Meritage Private Equity Fund, L.P.

17. Of such shares,5,883,743 are directly beneficially owned by Meritage Private Equity Fund, L.P., 719,392 and are indirectly beneficially owned by the Reporting Person as the general partner.

18. Reporting Person converted 15,665.541 shares of Series AA Preferred Stock on October 6, 2006, resulting in the acquisition of 8,703,075 shares of common stock.

19. Of such shares, 13,514,601 are directly beneficailly owned by Meritage Private Equity Fund, L.P. and are indirectly beneficially owned by the Reporting Person as the general partner.

Remarks:

	Laura Beller, Managing Member of Meritage Investment Partners LLC, general partner	10/30/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (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).
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