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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001071955-05-000076.txt : 20050405
<SEC-HEADER>0001071955-05-000076.hdr.sgml : 20050405
<ACCEPTANCE-DATETIME>20050405180055
ACCESSION NUMBER:		0001071955-05-000076
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050401
FILED AS OF DATE:		20050405
DATE AS OF CHANGE:		20050405

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ANALEX CORP
		CENTRAL INDEX KEY:			0000044800
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
		IRS NUMBER:				112120726
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0630

	BUSINESS ADDRESS:	
		STREET 1:		5904 RICHMOND HIGHWAY
		STREET 2:		SUITE 300
		CITY:			ALEXANDRIA
		STATE:			VA
		ZIP:			22303
		BUSINESS PHONE:		703-329-9400

	MAIL ADDRESS:	
		STREET 1:		5904 RICHMOND HIGHWAY
		STREET 2:		SUITE 300
		CITY:			ALEXANDRIA
		STATE:			VA
		ZIP:			22303

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HADRON INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BIORAD INC
		DATE OF NAME CHANGE:	19710304

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HALE MARTIN M JR
		CENTRAL INDEX KEY:			0001272935

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31613
		FILM NUMBER:		05735346

	BUSINESS ADDRESS:	
		STREET 1:		500 NYALA FARM ROAD
		CITY:			WESTPORT
		STATE:			CT
		ZIP:			06880
		BUSINESS PHONE:		2034292200

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PEQUOT CAPITAL MANAGEMENT INC
		CENTRAL INDEX KEY:			0001071955
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31613
		FILM NUMBER:		05735347

	BUSINESS ADDRESS:	
		STREET 1:		500 NYALA FARM ROAD
		CITY:			WESTPORT
		STATE:			CT
		ZIP:			06880
		BUSINESS PHONE:		2034292200

	MAIL ADDRESS:	
		STREET 1:		500 NYALA FARM ROAD
		CITY:			WESTPORT
		STATE:			CT
		ZIP:			06880

	FORMER NAME:	
		FORMER CONFORMED NAME:	PEQUOT CAPITAL MANAGEMENT INC/CT/
		DATE OF NAME CHANGE:	19981118

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			POCH GERALD A
		CENTRAL INDEX KEY:			0001144383

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31613
		FILM NUMBER:		05735348

	MAIL ADDRESS:	
		STREET 1:		500 NYALA FARM ROAD
		CITY:			WESTPORT
		STATE:			CT
		ZIP:			06880
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>nlx4_04012005ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2005-04-01</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000044800</issuerCik>
        <issuerName>ANALEX CORP</issuerName>
        <issuerTradingSymbol>NLX</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001071955</rptOwnerCik>
            <rptOwnerName>PEQUOT CAPITAL MANAGEMENT INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>500 NYALA FARM ROAD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>WESTPORT</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06880</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>See Footnote 1</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001144383</rptOwnerCik>
            <rptOwnerName>POCH GERALD A</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>500 NYALA FARM ROAD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>WESTPORT</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06880</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001272935</rptOwnerCik>
            <rptOwnerName>HALE MARTIN M JR</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>500 NYALA FARM ROAD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>WESTPORT</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06880</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Common Stock Warrant (right to buy)</value>
                <footnoteId id="F3"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>4.29</value>
                <footnoteId id="F3"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2005-04-01</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>535714</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2005-04-01</value>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <value>2015-04-01</value>
                <footnoteId id="F3"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                    <footnoteId id="F3"/>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>535714</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>535714</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Investment Advisor</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Series B Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>2.8</value>
                <footnoteId id="F4"/>
                <footnoteId id="F5"/>
                <footnoteId id="F6"/>
                <footnoteId id="F7"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2005-04-01</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>2142857</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F6"/>
                    <footnoteId id="F7"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>3.5</value>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F6"/>
                    <footnoteId id="F7"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2005-04-01</value>
                <footnoteId id="F4"/>
                <footnoteId id="F5"/>
                <footnoteId id="F6"/>
                <footnoteId id="F7"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F4"/>
                <footnoteId id="F5"/>
                <footnoteId id="F6"/>
                <footnoteId id="F7"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F6"/>
                    <footnoteId id="F7"/>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2678571</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F6"/>
                    <footnoteId id="F7"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3142857</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F6"/>
                    <footnoteId id="F7"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Investment Advisor</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Pequot Capital Management, Inc. (&quot;Pequot&quot;) is an investment advisor registered under Section 203 of the Investment Advisers
Act of 1940 and has voting and investment power with respect to securities in its clients' accounts. Pequot disclaims any
obligation to file this report, and this report shall not be deemed an admission that Pequot is subject to Section 16 with
respect to the Issuer of such securities. Gerald A. Poch and Martin M. Hale, Jr. are employees of Pequot and serve on the
Board of Directors of the Issuer and each disclaim beneficial ownership of these securities except to the extent of their
respective pecuniary interest.</footnote>
        <footnote id="F2">Pequot disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Pequot is,
for the purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of such securities.</footnote>
        <footnote id="F3">The Warrants are exercisable immediately at an exercise price per share of Common Stock that equals the price that reflects a
twenty-five percent (25%) premium to the trailing average closing price of the Common Stock for the twenty (20) trading days
immediately preceding April 1, 2005 (the &quot;Subsequent Closing&quot;). As of the Subsequent Closing date, the Warrants would be
exercisable to purchase an additional 535,714 shares of Common Stock. The Warrants expire on April 1, 2015. The exercise
price of the Warrants is subject to adjustment for stock splits, stock dividends and similar events. Cashless exercise is
permitted.</footnote>
        <footnote id="F4">Each holder of Series B Stock is entitled to convert Series B Stock for Common Stock, at the holder's
option as follows: each share of Series B Preferred Stock shall be convertible into such number of fully paid and assessable
shares of Common Stock as is obtained by (i) multiplying the number of shares of Series B Stock to be converted by the
Series B Price and (ii) dividing the result by (1) the lowest of (A) $3.10 (B) the price that reflects a twenty percent
(20%) discount to the trailing 20 day average closing price of the Company's Common Stock immediately preceding the earlier
of (x) the date of the initial conversion of any notes or (y) the date of the initial issuance of the Series B Stock (the
earlier of (x) or (y), the &quot;Issue Date&quot;), but not lower than $2.80 (if Stockholders Approval occurs during the continuance
of certain events of defaults with respect to the Notes, the $2.80 floor will not be applicable), (see footnote 5)</footnote>
        <footnote id="F5">Footnote 4 continued - or (C) the closing price of the Common Stock on the day immediately preceding the Issue Date or (2) if
an adjustment of the conversion price, then by the conversion price as last adjusted. The date of conversion was September
15, 2004 and the conversion price has been determined to be $2.80.</footnote>
        <footnote id="F6">The Reporting Person's shares of Series B Stock will be automatically converted into shares of Common Stock if at any time
following eighteen months after September 15, 2004 (the &quot;Issue Date&quot;), the average closing price of the Common Stock for the
immediately preceding twenty consecutive trading day period exceeds 2.5 times the Series B original issue price (as adjusted
for certain dilutive equity issuances and for stock splits and similar events as provided in the Certificate of
Designations, Powers, Preferences and Rights of the Series B Stock of the Issuer (the &quot;Series B Certificate&quot;)).</footnote>
        <footnote id="F7">In addition, the Reporting Person's shares of Series B Stock will automatically convert into shares of Common Stock if (i)
the Reporting Person does not accept an offer by the Issuer, within sixty days of delivery of such offer, to purchase the
Reporting Person's shares of the Series B Stock for at least 2.5 times the Series B original issue price (as adjusted for
certain dilutive equity issuances and for stock splits and similar events as provided in the Series B Certificate) and (ii)
upon the agreement of the holders of 75% of the shares of Series B Stock at the conversion price then in effect.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Aryeh Davis, General Counsel</signatureName>
        <signatureDate>2005-04-05</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Gerald A. Poch, Director (1)</signatureName>
        <signatureDate>2005-04-05</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Martin M. Hale, Jr., Director (1)</signatureName>
        <signatureDate>2005-04-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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