diff --git a/CHANGELOG.md b/CHANGELOG.md
index f01ae060..2e56b8e9 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+### [1.2.1](https://www.github.com/googleapis/java-container/compare/v1.2.0...v1.2.1) (2020-12-02)
+
+
+### Dependencies
+
+* update dependency com.google.cloud:google-cloud-shared-dependencies to v0.16.0 ([#311](https://www.github.com/googleapis/java-container/issues/311)) ([f883c47](https://www.github.com/googleapis/java-container/commit/f883c47243cfa7b9f21ecb5a8ee879b90f24ad0d))
+
 ## [1.2.0](https://www.github.com/googleapis/java-container/compare/v1.1.2...v1.2.0) (2020-11-19)
 
 
diff --git a/google-cloud-container-bom/pom.xml b/google-cloud-container-bom/pom.xml
index 8cac1edf..411dc66c 100644
--- a/google-cloud-container-bom/pom.xml
+++ b/google-cloud-container-bom/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-container-bom</artifactId>
-  <version>1.2.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-container:current} -->
+  <version>1.2.1</version><!-- {x-version-update:google-cloud-container:current} -->
   <packaging>pom</packaging>
   <parent>
     <groupId>com.google.cloud</groupId>
@@ -63,17 +63,17 @@
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-container-v1</artifactId>
-        <version>1.2.1-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-container-v1:current} -->
+        <version>1.2.1</version><!-- {x-version-update:grpc-google-cloud-container-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-container-v1</artifactId>
-        <version>1.2.1-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-container-v1:current} -->
+        <version>1.2.1</version><!-- {x-version-update:proto-google-cloud-container-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-container</artifactId>
-        <version>1.2.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-container:current} -->
+        <version>1.2.1</version><!-- {x-version-update:google-cloud-container:current} -->
       </dependency>
     </dependencies>
   </dependencyManagement>
diff --git a/google-cloud-container/pom.xml b/google-cloud-container/pom.xml
index 4cbfe270..2218d6f4 100644
--- a/google-cloud-container/pom.xml
+++ b/google-cloud-container/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-container</artifactId>
-  <version>1.2.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-container:current} -->
+  <version>1.2.1</version><!-- {x-version-update:google-cloud-container:current} -->
   <packaging>jar</packaging>
   <name>Google Cloud Container</name>
   <url>https://github.com/googleapis/java-container</url>
@@ -11,7 +11,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-container-parent</artifactId>
-    <version>1.2.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-container:current} -->
+    <version>1.2.1</version><!-- {x-version-update:google-cloud-container:current} -->
   </parent>
   <properties>
     <site.installationModule>google-cloud-container</site.installationModule>
diff --git a/grpc-google-cloud-container-v1/pom.xml b/grpc-google-cloud-container-v1/pom.xml
index 42fcd06c..1e1d98a1 100644
--- a/grpc-google-cloud-container-v1/pom.xml
+++ b/grpc-google-cloud-container-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>grpc-google-cloud-container-v1</artifactId>
-  <version>1.2.1-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-container-v1:current} -->
+  <version>1.2.1</version><!-- {x-version-update:grpc-google-cloud-container-v1:current} -->
   <name>grpc-google-cloud-container-v1</name>
   <description>GRPC library for grpc-google-cloud-container-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-container-parent</artifactId>
-    <version>1.2.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-container:current} -->
+    <version>1.2.1</version><!-- {x-version-update:google-cloud-container:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/pom.xml b/pom.xml
index fb2fd682..a0858603 100644
--- a/pom.xml
+++ b/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-container-parent</artifactId>
   <packaging>pom</packaging>
-  <version>1.2.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-container:current} -->
+  <version>1.2.1</version><!-- {x-version-update:google-cloud-container:current} -->
   <name>Google Cloud Container Parent</name>
   <url>https://github.com/googleapis/java-container</url>
   <description>
@@ -70,17 +70,17 @@
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-container-v1</artifactId>
-        <version>1.2.1-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-container-v1:current} -->
+        <version>1.2.1</version><!-- {x-version-update:proto-google-cloud-container-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-container-v1</artifactId>
-        <version>1.2.1-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-container-v1:current} -->
+        <version>1.2.1</version><!-- {x-version-update:grpc-google-cloud-container-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-container</artifactId>
-        <version>1.2.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-container:current} -->
+        <version>1.2.1</version><!-- {x-version-update:google-cloud-container:current} -->
       </dependency>
 
       <dependency>
diff --git a/proto-google-cloud-container-v1/pom.xml b/proto-google-cloud-container-v1/pom.xml
index 52511516..4ca282dc 100644
--- a/proto-google-cloud-container-v1/pom.xml
+++ b/proto-google-cloud-container-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>proto-google-cloud-container-v1</artifactId>
-  <version>1.2.1-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-container-v1:current} -->
+  <version>1.2.1</version><!-- {x-version-update:proto-google-cloud-container-v1:current} -->
   <name>proto-google-cloud-container-v1</name>
   <description>PROTO library for proto-google-cloud-container-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-container-parent</artifactId>
-    <version>1.2.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-container:current} -->
+    <version>1.2.1</version><!-- {x-version-update:google-cloud-container:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/versions.txt b/versions.txt
index bd886360..069aa9a4 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,6 +1,6 @@
 # Format:
 # module:released-version:current-version
 
-proto-google-cloud-container-v1:1.2.0:1.2.1-SNAPSHOT
-grpc-google-cloud-container-v1:1.2.0:1.2.1-SNAPSHOT
-google-cloud-container:1.2.0:1.2.1-SNAPSHOT
+proto-google-cloud-container-v1:1.2.1:1.2.1
+grpc-google-cloud-container-v1:1.2.1:1.2.1
+google-cloud-container:1.2.1:1.2.1