diff --git a/docs/release.rst b/docs/release.rst
index 2296225b1..b5d18cfca 100644
--- a/docs/release.rst
+++ b/docs/release.rst
@@ -1,12 +1,12 @@
 To release a new version of pybind11:
 
-- Update version macros in `include/pybind11/common.h`
 - Update `pybind11/_version.py` (set release version, remove 'dev')
 - `git add` and `git commit`.
 - `python setup.py sdist upload`.
 - `python setup.py bdist_wheel upload`.
 - `git tag -a X.X -m 'Release tag comment'`.
 - Update `_version.py` (add 'dev' and increment minor).
+- Update version macros in `include/pybind11/common.h`
 - `git add` and `git commit`. `git push`. `git push --tags`.
 
 The remote for the last `git push --tags` should be the main repository for
diff --git a/include/pybind11/common.h b/include/pybind11/common.h
index 8f0e61e6e..3cefa93a9 100644
--- a/include/pybind11/common.h
+++ b/include/pybind11/common.h
@@ -31,7 +31,7 @@
 #endif
 
 #define PYBIND11_VERSION_MAJOR 1
-#define PYBIND11_VERSION_MINOR 3
+#define PYBIND11_VERSION_MINOR 4
 
 /// Include Python header, disable linking to pythonX_d.lib on Windows in debug mode
 #if defined(_MSC_VER)
diff --git a/pybind11/_version.py b/pybind11/_version.py
index 37827af7c..8c37a3f2f 100644
--- a/pybind11/_version.py
+++ b/pybind11/_version.py
@@ -1,2 +1,2 @@
-version_info = (1, 3)
+version_info = (1, 4, 'dev0')
 __version__ = '.'.join(map(str, version_info))