diff --git a/NEWS b/NEWS
index e72501a4e..343d7c439 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,12 @@
+3.16.3
+======
+* Handle touch events in OSK on wayland [Rui; #750287]
+* Misc. bug fixes [Florian, Rui, Ray; #749383, #749529, #750714, #751517,
+  #751541]
+
+Contributors:
+  Rui Matos, Florian Müllner, Ray Strode
+
 3.16.2
 ======
 * Make event highlight in calendar more prominent [Jakub; #747715]
diff --git a/configure.ac b/configure.ac
index d8a2ee7c5..17b9e3dda 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,5 +1,5 @@
 AC_PREREQ(2.63)
-AC_INIT([gnome-shell],[3.16.2],[https://bugzilla.gnome.org/enter_bug.cgi?product=gnome-shell],[gnome-shell])
+AC_INIT([gnome-shell],[3.16.3],[https://bugzilla.gnome.org/enter_bug.cgi?product=gnome-shell],[gnome-shell])
 
 AC_CONFIG_HEADERS([config.h])
 AC_CONFIG_SRCDIR([src/shell-global.c])