diff --git a/ChangeLog b/ChangeLog
index b136d87..3c8c32a 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -5,6 +5,9 @@
 # Distributed under the GPL v2
 # $Id$
 
+  07 Jun 2011; Sebastian Pipping <sping@gentoo.org> genkernel:
+  Bump version to 3.4.16
+
   07 Jun 2011; Sebastian Pipping <sping@gentoo.org> doc/genkernel.8.txt:
   Document most undocumented boot parameters (bug #370369)
 
diff --git a/genkernel b/genkernel
index 6e18506..f72cf43 100755
--- a/genkernel
+++ b/genkernel
@@ -2,7 +2,7 @@
 # $Id$
 
 PATH="${PATH}:/sbin:/usr/sbin"
-GK_V='3.4.15'
+GK_V='3.4.16'
 
 # Set the default for TMPDIR.  May be modified by genkernel.conf or the
 # --tempdir command line option.