diff --git a/CHANGES.txt b/CHANGES.txt
index f197b57..2baf473 100644
--- a/CHANGES.txt
+++ b/CHANGES.txt
@@ -1,8 +1,8 @@
 
-PENDING
-=======
+0.4.0 - 2014-01-02
+==================
 
-- ???
+- Make authenticated_userid None when groupfinder returns None.
 
 
 0.3.2 - 2013-05-29
diff --git a/pyramid_multiauth/__init__.py b/pyramid_multiauth/__init__.py
index 305becd..03509cd 100644
--- a/pyramid_multiauth/__init__.py
+++ b/pyramid_multiauth/__init__.py
@@ -6,8 +6,8 @@
 """
 
 __ver_major__ = 0
-__ver_minor__ = 3
-__ver_patch__ = 2
+__ver_minor__ = 4
+__ver_patch__ = 0
 __ver_sub__ = ""
 __ver_tuple__ = (__ver_major__, __ver_minor__, __ver_patch__, __ver_sub__)
 __version__ = "%d.%d.%d%s" % __ver_tuple__
diff --git a/setup.py b/setup.py
index e37f278..714d0ee 100644
--- a/setup.py
+++ b/setup.py
@@ -16,7 +16,7 @@
     requires.append("unittest2")
 
 setup(name='pyramid_multiauth',
-      version='0.3.2',
+      version='0.4.0',
       description='pyramid_multiauth',
       long_description=README + '\n\n' + CHANGES,
       classifiers=[