diff --git a/AUTHORS b/AUTHORS
index fb2b5d53171..0ee474243e0 100644
--- a/AUTHORS
+++ b/AUTHORS
@@ -1,4 +1,5 @@
 Ajay Kulkarni <ajaykulk@cisco.com>
+Alexia Ingerson <alexia.ingerson@intel.com>
 Ana Guerrero López <ana@ekaia.org>
 Andrew Friedley <andrew.friedley@intel.com>
 Arun C Ilango <arun.ilango@intel.com>
@@ -12,6 +13,7 @@ Chen Zhao <soniczhao@gmail.com>
 Chuck Fossen <chuckf@cray.com>
 Dave Goodell <dgoodell@cisco.com>
 Dmitry Durnov <dmitry.durnov@intel.com>
+Dmitry Gladkov <dmitry.gladkov@intel.com>
 Erik Paulson <erik.r.paulson@intel.com>
 Evan Harvey <e1.0harvey@gmail.com>
 Evan Harvey <eharvey@cray.com>
diff --git a/Makefile.am b/Makefile.am
index a4c5a24ab4b..12e0c1c491b 100644
--- a/Makefile.am
+++ b/Makefile.am
@@ -126,7 +126,7 @@ src_libfabric_la_LDFLAGS =
 src_libfabric_la_LIBADD =
 src_libfabric_la_DEPENDENCIES = libfabric.map
 
-src_libfabric_la_LDFLAGS += -version-info 3:2:2 -export-dynamic \
+src_libfabric_la_LDFLAGS += -version-info 3:3:2 -export-dynamic \
 			   $(libfabric_version_script)
 rdmainclude_HEADERS += \
 	$(top_srcdir)/include/rdma/fabric.h \
diff --git a/NEWS.md b/NEWS.md
index d964d511991..54bc0663751 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -5,6 +5,38 @@ This file contains the main features as well as overviews of specific
 bug fixes (and other actions) for each version of Libfabric since
 version 1.0.
 
+v1.4.2, Fri May  5, 2017
+========================
+
+## Core
+
+- Fix for OS X clock_gettime() portability issue.
+
+## PSM provider notes
+
+- Updated default counter wait object for improved performance
+- Fix multi-threaded RMA progress stalls
+
+## PSM2 provider notes
+
+- Updated default counter wait object for improved performance
+- Fix multi-threaded RMA progress stalls
+
+## Sockets provider notes
+
+- Fix error in fi_cq_sreadfrom aborting before timeout expires
+- Set atomic iov count correct correctly inside fi_atomicv
+
+## Verbs provider notes
+
+- Fix handling of apps that call fork.  Move ibv_fork_init() before
+  calling any other verbs call.
+- Fix crash in fi_write when connection is not yet established and
+  write data size is below inline threshold.
+- Fix issues not handling multiple ipoib interfaces
+- Reduce lock contention on buffer pools in send/completion handling
+  code.
+
 v1.4.1, Fri Feb  3, 2017
 ========================
 
diff --git a/configure.ac b/configure.ac
index 2eb49031b53..a49ac7e4da0 100644
--- a/configure.ac
+++ b/configure.ac
@@ -4,7 +4,7 @@ dnl
 dnl Process this file with autoconf to produce a configure script.
 
 AC_PREREQ([2.60])
-AC_INIT([libfabric], [1.4.2a1], [ofiwg@lists.openfabrics.org])
+AC_INIT([libfabric], [1.4.2rc1], [ofiwg@lists.openfabrics.org])
 AC_CONFIG_SRCDIR([src/fabric.c])
 AC_CONFIG_AUX_DIR(config)
 AC_CONFIG_MACRO_DIR(config)