diff --git a/NEWS b/NEWS
index 4eb7a1d..3bc0f4b 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,11 @@
+Snappy v1.1.4, January 25th 2017:
+
+  * Fix a 1% performance regression when snappy is used in PIE executables.
+
+  * Improve compression performance by 5%.
+
+  * Improve decompression performance by 20%.
+
 Snappy v1.1.3, July 6th 2015:
 
 This is the first release to be done from GitHub, which means that
diff --git a/configure.ac b/configure.ac
index c460138..cffda8b 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,11 +1,11 @@
 m4_define([snappy_major], [1])
 m4_define([snappy_minor], [1])
-m4_define([snappy_patchlevel], [3])
+m4_define([snappy_patchlevel], [4])
 
 # Libtool shared library interface versions (current:revision:age)
 # Update this value for every release!  (A:B:C will map to foo.so.(A-C).C.B)
 # http://www.gnu.org/software/libtool/manual/html_node/Updating-version-info.html
-m4_define([snappy_ltversion], [4:0:3])
+m4_define([snappy_ltversion], [4:1:3])
 
 AC_INIT([snappy], [snappy_major.snappy_minor.snappy_patchlevel])
 AC_CONFIG_MACRO_DIR([m4])