diff --git a/ChangeLog b/ChangeLog
index 1fae6f4..79a318b 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -5,6 +5,10 @@
 # Distributed under the GPL v2
 # $Id$
 
+  27 Jul 2012; Sebastian Pipping <sping@gentoo.org> defaults/initrd.scripts,
+  genkernel:
+  Bump version to 3.4.40
+
   24 Jul 2012; Robin H. Johnson <robbat2@gentoo.org> defaults/initrd.scripts:
   Flip awk return values.
 
diff --git a/genkernel b/genkernel
index b6f39e2..200b3fb 100755
--- a/genkernel
+++ b/genkernel
@@ -2,7 +2,7 @@
 # $Id$
 
 PATH="${PATH}:/sbin:/usr/sbin"
-GK_V='3.4.39'
+GK_V='3.4.40'
 
 # Set the default for TMPDIR.  May be modified by genkernel.conf or the
 # --tempdir command line option.