diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3b1f3dae..8bb0aea4 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,18 @@
 # Changelog
 
+## [0.4.0](https://www.github.com/googleapis/java-video-transcoder/compare/v0.3.2...v0.4.0) (2021-09-14)
+
+
+### Features
+
+* Remove use of deprecated gradle command in java README ([#1196](https://www.github.com/googleapis/java-video-transcoder/issues/1196)) ([#220](https://www.github.com/googleapis/java-video-transcoder/issues/220)) ([9e27d67](https://www.github.com/googleapis/java-video-transcoder/commit/9e27d679a18abdb2294fe638cc522d2070582395))
+
+
+### Dependencies
+
+* update dependency com.google.cloud:google-cloud-shared-dependencies to v2.2.0 ([#223](https://www.github.com/googleapis/java-video-transcoder/issues/223)) ([ab322c3](https://www.github.com/googleapis/java-video-transcoder/commit/ab322c3496d033acc8a3b55d0592ae38467f8349))
+* update dependency com.google.cloud:google-cloud-shared-dependencies to v2.2.1 ([#231](https://www.github.com/googleapis/java-video-transcoder/issues/231)) ([85d2e4d](https://www.github.com/googleapis/java-video-transcoder/commit/85d2e4dba2f9f3529597b3bbe159abf33279f02c))
+
 ### [0.3.2](https://www.github.com/googleapis/java-video-transcoder/compare/v0.3.1...v0.3.2) (2021-08-23)
 
 
diff --git a/google-cloud-video-transcoder-bom/pom.xml b/google-cloud-video-transcoder-bom/pom.xml
index 8eea9bc6..939e15b9 100644
--- a/google-cloud-video-transcoder-bom/pom.xml
+++ b/google-cloud-video-transcoder-bom/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-video-transcoder-bom</artifactId>
-  <version>0.3.3-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+  <version>0.4.0</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
   <packaging>pom</packaging>
   <parent>
     <groupId>com.google.cloud</groupId>
@@ -57,27 +57,27 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-video-transcoder</artifactId>
-        <version>0.3.3-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+        <version>0.4.0</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-video-transcoder-v1beta1</artifactId>
-        <version>0.3.3-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1beta1:current} -->
+        <version>0.4.0</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1beta1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-video-transcoder-v1</artifactId>
-        <version>0.3.3-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1:current} -->
+        <version>0.4.0</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-video-transcoder-v1beta1</artifactId>
-        <version>0.3.3-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1beta1:current} -->
+        <version>0.4.0</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1beta1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-video-transcoder-v1</artifactId>
-        <version>0.3.3-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1:current} -->
+        <version>0.4.0</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1:current} -->
       </dependency>
     </dependencies>
   </dependencyManagement>
diff --git a/google-cloud-video-transcoder/pom.xml b/google-cloud-video-transcoder/pom.xml
index e4688915..e75e6e93 100644
--- a/google-cloud-video-transcoder/pom.xml
+++ b/google-cloud-video-transcoder/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-video-transcoder</artifactId>
-  <version>0.3.3-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+  <version>0.4.0</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
   <packaging>jar</packaging>
   <name>Google Video Transcoder</name>
   <url>https://github.com/googleapis/java-video-transcoder</url>
@@ -11,7 +11,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-video-transcoder-parent</artifactId>
-    <version>0.3.3-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+    <version>0.4.0</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
   </parent>
   <properties>
     <site.installationModule>google-cloud-video-transcoder</site.installationModule>
diff --git a/grpc-google-cloud-video-transcoder-v1/pom.xml b/grpc-google-cloud-video-transcoder-v1/pom.xml
index 94aa764a..5a558dd6 100644
--- a/grpc-google-cloud-video-transcoder-v1/pom.xml
+++ b/grpc-google-cloud-video-transcoder-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>grpc-google-cloud-video-transcoder-v1</artifactId>
-  <version>0.3.3-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1:current} -->
+  <version>0.4.0</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1:current} -->
   <name>grpc-google-cloud-video-transcoder-v1</name>
   <description>GRPC library for google-cloud-video-transcoder</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-video-transcoder-parent</artifactId>
-    <version>0.3.3-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+    <version>0.4.0</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/grpc-google-cloud-video-transcoder-v1beta1/pom.xml b/grpc-google-cloud-video-transcoder-v1beta1/pom.xml
index 5b3ccfc6..66d6ce31 100644
--- a/grpc-google-cloud-video-transcoder-v1beta1/pom.xml
+++ b/grpc-google-cloud-video-transcoder-v1beta1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>grpc-google-cloud-video-transcoder-v1beta1</artifactId>
-  <version>0.3.3-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1beta1:current} -->
+  <version>0.4.0</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1beta1:current} -->
   <name>grpc-google-cloud-video-transcoder-v1beta1</name>
   <description>GRPC library for google-cloud-video-transcoder</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-video-transcoder-parent</artifactId>
-    <version>0.3.3-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+    <version>0.4.0</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/pom.xml b/pom.xml
index c116d79c..81409e61 100644
--- a/pom.xml
+++ b/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-video-transcoder-parent</artifactId>
   <packaging>pom</packaging>
-  <version>0.3.3-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+  <version>0.4.0</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
   <name>Google Video Transcoder Parent</name>
   <url>https://github.com/googleapis/java-</url>
   <description>
@@ -61,27 +61,27 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-video-transcoder</artifactId>
-        <version>0.3.3-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+        <version>0.4.0</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-video-transcoder-v1</artifactId>
-        <version>0.3.3-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1:current} -->
+        <version>0.4.0</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-video-transcoder-v1</artifactId>
-        <version>0.3.3-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1:current} -->
+        <version>0.4.0</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-video-transcoder-v1beta1</artifactId>
-        <version>0.3.3-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1beta1:current} -->
+        <version>0.4.0</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1beta1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-video-transcoder-v1beta1</artifactId>
-        <version>0.3.3-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1beta1:current} -->
+        <version>0.4.0</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1beta1:current} -->
       </dependency>
 
       <dependency>
diff --git a/proto-google-cloud-video-transcoder-v1/pom.xml b/proto-google-cloud-video-transcoder-v1/pom.xml
index 2633cc82..f642e11c 100644
--- a/proto-google-cloud-video-transcoder-v1/pom.xml
+++ b/proto-google-cloud-video-transcoder-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>proto-google-cloud-video-transcoder-v1</artifactId>
-  <version>0.3.3-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1:current} -->
+  <version>0.4.0</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1:current} -->
   <name>proto-google-cloud-video-transcoder-v1</name>
   <description>Proto library for google-cloud-video-transcoder</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-video-transcoder-parent</artifactId>
-    <version>0.3.3-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+    <version>0.4.0</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/proto-google-cloud-video-transcoder-v1beta1/pom.xml b/proto-google-cloud-video-transcoder-v1beta1/pom.xml
index f4b8493c..3512bfa8 100644
--- a/proto-google-cloud-video-transcoder-v1beta1/pom.xml
+++ b/proto-google-cloud-video-transcoder-v1beta1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>proto-google-cloud-video-transcoder-v1beta1</artifactId>
-  <version>0.3.3-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1beta1:current} -->
+  <version>0.4.0</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1beta1:current} -->
   <name>proto-google-cloud-video-transcoder-v1beta1</name>
   <description>Proto library for google-cloud-video-transcoder</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-video-transcoder-parent</artifactId>
-    <version>0.3.3-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+    <version>0.4.0</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/samples/snapshot/pom.xml b/samples/snapshot/pom.xml
index d4e26ba7..c12dc42e 100644
--- a/samples/snapshot/pom.xml
+++ b/samples/snapshot/pom.xml
@@ -28,7 +28,7 @@
     <dependency>
       <groupId>com.google.cloud</groupId>
       <artifactId>google-cloud-video-transcoder</artifactId>
-      <version>0.3.3-SNAPSHOT</version>
+      <version>0.4.0</version>
     </dependency>
     <!-- {x-version-update-end} -->
 
diff --git a/versions.txt b/versions.txt
index cca7412b..3d01444c 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,8 +1,8 @@
 # Format:
 # module:released-version:current-version
 
-google-cloud-video-transcoder:0.3.2:0.3.3-SNAPSHOT
-grpc-google-cloud-video-transcoder-v1beta1:0.3.2:0.3.3-SNAPSHOT
-grpc-google-cloud-video-transcoder-v1:0.3.2:0.3.3-SNAPSHOT
-proto-google-cloud-video-transcoder-v1beta1:0.3.2:0.3.3-SNAPSHOT
-proto-google-cloud-video-transcoder-v1:0.3.2:0.3.3-SNAPSHOT
+google-cloud-video-transcoder:0.4.0:0.4.0
+grpc-google-cloud-video-transcoder-v1beta1:0.4.0:0.4.0
+grpc-google-cloud-video-transcoder-v1:0.4.0:0.4.0
+proto-google-cloud-video-transcoder-v1beta1:0.4.0:0.4.0
+proto-google-cloud-video-transcoder-v1:0.4.0:0.4.0