diff --git a/CHANGELOG.md b/CHANGELOG.md
index eac7355f2..dcf583d49 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,286 @@
+# 5.0.0
+
+This version includes big changes around upgrading to selenium-webdriver 3.0.x.
+See the [selenium-webdriver changelog](https://github.com/SeleniumHQ/selenium/blob/master/javascript/node/selenium-webdriver/CHANGES.md).
+
+For the 5.0.0 release, we are still using the selenium standalone server 2.53.1
+and recommend using Firefox 47. Firefox 48+ currently is not supported.
+
+## Breaking Changes
+
+- Minimum node version is now 6.9.x.
+- When testing with Firefox 47, use the capability option `marionette: false`
+  to use the legacy Firefox driver.
+
+  Before:
+  ```
+  capabilities: {
+    browserName: 'firefox'
+  }
+  ```
+
+  After:
+  ```
+  capabilities: {
+    browserName: 'firefox',
+    marionette: false
+  }
+  ```
+
+- We moved `@types/jasmine` to a devDependency. This means that Jasmine
+  TypeScript users will need to include the `@types/jasmine` as a project
+  dependency. This is to avoid conflicts for users that prefer mocha typings.
+
+  After:
+  ```
+  "dependencies": {
+    "@types/jasmine": "^2.5.38"
+  }
+  ```
+
+- Selenium-webdriver methods removed: `WebDriver.prototype.isElementPresent`,
+  `WebElement.prototype.getRawId`, `WebElement.prototype.getInnerHtml`, and
+  `WebElement.prototype.getOuterHtml`.
+
+  Before:
+  ```
+  let isPresent = browser.driver.isElementPresent(By.tagName('a'));
+  let i = element(locator).getInnerHtml();
+  let o = element(locator).getOuterHtml();
+  ```
+
+  After:
+  ```
+  let isPresent = element(By.tagName('a')).isPresent();
+  let i = browser.executeScript("return arguments[0].innerHTML;", element(locator));
+  let o = browser.executeScript("return arguments[0].outerHTML;", element(locator));
+  ```
+
+- Selenium-webdriver `ErrorCodes` have been removed.
+- Adding cookies have been changed:
+
+  Before:
+  ```
+  browser.manage().addCookie('testcookie', 'Jane-1234');
+  ```
+
+  After:
+  ```
+  browser.manage().addCookie({name:'testcookie', value: 'Jane-1234'});
+  ```
+- Removed `protractor.wrapDriver()`.
+- You can no longer use `repl` command from within `browser.pause()`. Instead,
+  use `browser.explore()` to directly enter the `repl`.
+- Sending flags that are not recognized by the CLI throws an error. Since flags
+  are a subset of all configuration options, these errors can be silenced with
+  `--disableChecks`.
+- Auto-detection of the root element. This is a breaking change because it
+  changes the default root element behavior and removes the
+  `config.useAllAngular2AppRoots` flag.  Modern angular apps now
+  default to using all app hooks, and ng1 apps now check several places, notably
+  the element the app bootstraps to.
+- `sauceProxy` configuration field has been removed. Use `webDriverProxy`
+  instead.
+
+  Before:
+  ```
+  sauceProxy: 'http://sauceProxy'
+  ```
+
+  After:
+  ```
+  webDriverProxy: 'http://sauceProxy'
+  ```
+
+## Features
+
+- ([ec93c4a](https://github.com/angular/protractor/commit/ec93c4ab882991410ad9d3f52d87c0f5ec947641))
+  chore(cli): **breaking change** throw errors on unknown flags (#3921)
+
+  Unknown flags are options sent that is unrecognized by the CLI. For users that
+  encounter this error but would like to silence it, use: `--disableChecks`.
+
+  closes #3216
+- ([bc58332](https://github.com/angular/protractor/commit/bc583321a233453fc2b89472013b2ec3e1d6b6f9))
+  feat(rootEl): ***breaking change*** auto-detect the root element better (#3928)
+
+  This is a breaking change because it changes the default root element behavior
+ and removes the `config.useAllAngular2AppRoots` flag.  Modern angular apps now
+ default to using all app hooks, and ng1 apps now check several places, notably
+ the element the app bootstraps to.
+
+  closes #1742
+- ([604fdbf](https://github.com/angular/protractor/commit/604fdbf064cc2785a2e745747beeaeb45d27f8ed))
+  cleanup(config): **breaking change** Remove redundant sauceProxy config (#3868)
+
+  Removes the `sauceProxy` config field, and uses `webDriverProxy` when creating
+  the SauceLabs client.
+- ([9465b9f](https://github.com/angular/protractor/commit/9465b9f1e667c9590e05d9ddac16fe5143aa93af))
+  feat(mobile): add extended wd commands for appium (#3860)
+
+  Also had to make some minor changes to the website to handle longer inheritance
+ chains
+   Closes https://github.com/angular/protractor/issues/1940
+- ([0e26b21](https://github.com/angular/protractor/commit/0e26b218d5f385dd9871a40553acc174cfdfe26d))
+  feat(blockingproxy): Add synchronization with BlockingProxy. (#3813)
+
+  This adds support for BlockingProxy behind the flag --useBlockingProxy.
+
+  If set, the driver providers will start a proxy during their setup phase,
+  passing the selenium address to the proxy and starting a webdriver client
+  that talks to the proxy.
+
+  Starting a proxy for each driver provider isn't strictly necessary. However,
+  when we run with multiple capabilities it's easier to handle the logging if
+  each Protractor instance has it's own proxy.
+
+  Known issues:
+
+  - Doesn't work with directConnect. You can get the address of chromedriver by
+  mucking around in Selenium internals, but this probably changed for Selenium
+  3.0 and I doubt it's worth figuring out until we upgrade.
+  - Doesn't yet work with webDriverProxy (but it's an easy fix)
+
+- ([ca4f1ac](https://github.com/angular/protractor/commit/ca4f1acda3672942307d0f102d586c8889dd3d68))
+  chore(driverProviders): add warnings to extra driver provider parameters (#3873)
+
+  - builds the driver provider in lib/driverProviders/index instead of lib/runner
+   closes #1945
+
+- ([681b54a](https://github.com/angular/protractor/commit/681b54a21ee1467d5a95c3693cde148759767d62))
+  refactor(browser): Remove protractor.wrapDriver() **breaking change** (#3827)
+
+  Before:
+
+  Users could create their own selenium driver instance and enable Protractor on
+  it like so:
+
+  ```js
+  let capabilities = webdriver.Capabilities.chrome();
+  let driver = new webdriver.Builder().usingServer(seleniumAddress)
+    .withCapabilities(capabilities).build();
+  let browser = protractor.wrapDriver(driver);
+  ```
+
+  Over the years, wrapDriver() has become increasingly broken as Protractor
+  needs extra configuration options that wrapDriver() doesn't set.
+
+  After:
+
+  This method is removed. If users need a new browser instance, they can
+  use `browser.forkNewDriverInstance()`.
+
+- ([86fd569](https://github.com/angular/protractor/commit/86fd56917f039efbff8e6f323f4d91fa8bc821a4))
+  feat(ngUpgrade): Auto detect ngUpgrade apps and make the ng12Hybrid flag
+  unnecessary for most users (#3847)
+
+
+## Bug fixes
+
+- ([de153e7](https://github.com/angular/protractor/commit/de153e769292f6b9a99b2d5152bd2929ab1c48af))
+  fix(launcher): running getMultiCapabilities should reject on errors (#3876)
+
+  closes #3875
+- ([1345137](https://github.com/angular/protractor/commit/1345137dc5173e868de4b9da6ed16b7928e4c50e))
+  fix(isElementPresent): for un-wrapped `WebElement`s, `browser.isElementPresent`
+  was broken (#3871)
+
+  Closes #3864
+- ([4af3b2e](https://github.com/angular/protractor/commit/4af3b2e30e925ea9d8e47537ea0a7fe8f04b579d))
+  fix(element): Fix typing of ElementFinder.then (#3835)
+
+  Type `then` as optional on ElementFinder.
+
+
+## Dependencies
+- ([4d87c9c](https://github.com/angular/protractor/commit/4d87c9c20d6905189c0e7ea7214cf3e87c8efe91))
+  deps(update): update tslint and @types/selenium-webdriver (#3941)
+
+  - use @types/selenium-webdriver ~2.53.39
+  - fix for tslint
+
+  closes #3939
+- ([7376708](https://github.com/angular/protractor/commit/7376708c723976ef8a0a3ad7c245606bef1221db))
+  deps(tslint): set tslint to ~4.2 (#3938)
+- ([cb38ed0](https://github.com/angular/protractor/commit/cb38ed0a8aae2cb862001e0b6f076aa9972f4489))
+  Refactor element explorer to work with selenium-webdriver 3 (#3828)
+
+  This implementation now relies mostly on promises explicitly, so the control
+  flow is only used to add one large task to the queue. This should pave the way
+  for the eventual removal of the control flow, as well as getting element
+  explorer to work immediately.
+
+  BREAKING CHANGE
+
+  You can no longer use the `repl` command from within `browser.pause()`. Instead,
+ use `browser.explore()` to directly enter the repl.
+- ([8196059](https://github.com/angular/protractor/commit/819605933d2dfef70b4332a727b3b3830e306817))
+  chore(dependency): switch to webdriver-manager 11.1.0 and remove
+  `--versions.chrome 2.26` from circle.yml (#3865)
+- ([397bf65](https://github.com/angular/protractor/commit/397bf65e088b640cf3612f9da678180f49939b84))
+  deps(update): move @types/jasmine to devDependencies (#3795)
+
+  - update outdated dependencies
+  - move @types/jasmine to devDependencies
+   closes #3792
+- ([a3e8b43](https://github.com/angular/protractor/commit/a3e8b4319d3e8b049e55e5c3c64a7fdb5a132ddf))
+  deps(selenium-webdriver): upgrade to selenium 3 (#3781)
+
+  Please see the [selenium-webdriver changelog](https://github.com/SeleniumHQ/selenium/blob/master/javascript/node/selenium-webdriver/CHANGES.md)
+
+    - Removed method `WebDriver.prototype.isElementPresent`
+    - Removed method `WebElement.prototype.getRawId`
+    - Removed `getInnerHtml` and `getOutterHtml`
+
+    - Dependency required for upgrade: use `jasminewd2@0.1.0`.
+    - Selenium-webdriver requires node version 6+, updating travis and circle yml
+      to use node 6 and 7.
+
+    - Use `instanceof` selenium-webdriver error instead of error code.
+      Selenium-webdriver error codes have been deprecated.
+
+    - Use executor with selenium-webdriver from `lib/http`. Deferred executor has
+      been deprecated.
+    - Fix quitting `driverProviders`. When calling `webdriver.quit`, the control
+      flow is shutdown and will throw an error.
+    - Driver provider for direct connect has been modified to use `ServiceBuilder`
+      and to call the `Service` to `createSession`
+    - Note: Since this upgrade is still using FF 47, direct connect for Firefox is
+      required to pass "marionette: false" in the capabilities. If you do not pass
+      marionette to false, it will look for gecko driver in the PATH.
+    - Added a TODO to support FF after 48+ with direct connect and gecko driver.
+
+    - Updated `browser.manage().addCookie('testcookie', 'Jane-1234');` to use
+      `browser.manage().addCookie({name:'testcookie', value: 'Jane-1234'});`
+
+    - Updated debug commons for breakpoint updated to selenium-webdriver
+      `lib/http` line 432.
+
+    - For mocha tests, `selenium-webdriver/testing` uses the global `it` and
+      cannot be reassigned as Protractor's global `it`. Some code has been
+      copied / modified to `lib/frameworks/mocha` to make this work.
+
+    - Capabilities for Firefox 47 requires setting marionette to false.
+    - Setup still requires selenium standalone server 2.53.1 for Firefox tests.
+      Firefox version used is 47.
+    - Using selenium standalone server 3, with Firefox 48+ tests fail with gecko
+      driver still do not work.
+    - Selenium standalone 3 + FF 49 + gecko driver 0.11.1 does not work
+    - Selenium standalone 3 + FF 48 + gecko driver 0.11.1 appears to work for a
+      single test but after it quits, selenium standalone no longer works with
+      firefox. When firefox 48 exists, logs show the following:
+
+      ```
+      20:01:14.814 INFO - Executing: [delete session: e353fa1b-e266-4ec3-afb3-88f11a82473a])
+      [GFX1-]: Receive IPC close with reason=AbnormalShutdown
+      [Child 30665] ###!!! ABORT: Aborting on channel error.: file /builds/slave/m-rel-m64-00000000000000000000/build/src/ipc/glue/MessageChannel.cpp, line 2052
+      [Child 30665] ###!!! ABORT: Aborting on channel error.: file /builds/slave/m-rel-m64-00000000000000000000/build/src/ipc/glue/MessageChannel.cpp, line 2052
+      ```
+- ([eb31c9c](https://github.com/angular/protractor/commit/eb31c9c7755399bcd01630158d900e0b940e9c31))
+  deps(types): update @types/selenium-webdriver dependency (#3886)
+
+  Fixes issue #3879 and adds the protractor.Key.chord method
+
 # 4.0.14
 
 ## Bug Fixes
diff --git a/LICENSE b/LICENSE
index 8278472e5..91da68a87 100644
--- a/LICENSE
+++ b/LICENSE
@@ -1,6 +1,6 @@
 The MIT License
 
-Copyright (c) 2010-2016 Google, Inc.
+Copyright (c) 2010-2017 Google, Inc.
 
 Permission is hereby granted, free of charge, to any person obtaining a copy
 of this software and associated documentation files (the "Software"), to deal
@@ -19,4 +19,3 @@ AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER
 LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM,
 OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN
 THE SOFTWARE.
-
diff --git a/package.json b/package.json
index 153cc1c91..3aad3ca5b 100644
--- a/package.json
+++ b/package.json
@@ -79,5 +79,5 @@
   "engines": {
     "node": ">=6.9.x"
   },
-  "version": "4.0.14"
+  "version": "5.0.0"
 }