diff --git a/ChangeLog b/ChangeLog
index 3c399eef1..b9124078e 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,3 +1,14 @@
+fstrm (0.5.0)
+
+  * Change license to modern MIT license for compatibility with GPLv2
+    software.
+
+  * src/fstrm_replay.c: For OpenBSD and Posix portability include
+    netinet/in.h and sys/socket.h to get struct sockaddr_in and the AF_*
+    defines respectively.
+
+  * Fix various compiler warnings.
+
 fstrm (0.4.0)
 
   * Added manual pages for fstrm_capture and fstrm_dump.
diff --git a/configure.ac b/configure.ac
index 0ac5c0f89..1a84088b5 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,7 +1,7 @@
 AC_PREREQ(2.64)
 
 AC_INIT([fstrm],
-        [0.4.0],
+        [0.5.0],
         [https://github.com/farsightsec/fstrm/issues],
         [fstrm],
         [https://github.com/farsightsec/fstrm])