diff --git a/libchronosync/Makefile b/libchronosync/Makefile
index 5bc88b3..bd3a230 100644
--- a/libchronosync/Makefile
+++ b/libchronosync/Makefile
@@ -2,15 +2,15 @@
 GIT_URL=https://github.com/named-data/ChronoSync.git
 
 # Tag name or commit hash for checkout
-GIT_VERSION=097bb448f46b8bd9a5c1f431e824f8f6a169b650
+GIT_VERSION=dc88507735be66b65aa4dad872fb34af61b552b2
 
 # Package name
 NAME=libchronosync
 
 # Package version
-VERSION=0.3.0-9-g097bb44
+VERSION=0.4.0-2-gdc88507
 
 # PPA version
-PPA_VERSION=3
+PPA_VERSION=1
 
 include ../packaging.mk
diff --git a/libchronosync/debian/changelog b/libchronosync/debian/changelog
index 5f441c0..4111dc5 100644
--- a/libchronosync/debian/changelog
+++ b/libchronosync/debian/changelog
@@ -1,3 +1,17 @@
+libchronosync (0.4.0-2-gdc88507-ppa1~DISTRO) DISTRO; urgency=low
+
+  * New version based on dc88507735be66b65aa4dad872fb34af61b552b2
+    (https://github.com/named-data/ChronoSync.git)
+
+ -- Alexander Afanasyev <alexander.afanasyev@ucla.edu>  Thu, 01 Feb 2018 15:18:06 +0000
+
+libchronosync (0.4.0-ppa1~DISTRO) DISTRO; urgency=low
+
+  * New version based on 0.4.0 (https://github.com/named-
+    data/ChronoSync.git)
+
+ -- Alexander Afanasyev <alexander.afanasyev@ucla.edu>  Wed, 03 Jan 2018 17:29:16 +0000
+
 libchronosync (0.3.0-9-g097bb44-ppa3~DISTRO) DISTRO; urgency=low
 
   * New version based on 097bb448f46b8bd9a5c1f431e824f8f6a169b650