diff --git a/.gitignore b/.gitignore
index 7bec772..86bb640 100644
--- a/.gitignore
+++ b/.gitignore
@@ -1 +1,2 @@
 /openvdb-4.0.1.tar.gz
+/openvdb-4.0.2.tar.gz
diff --git a/openvdb.spec b/openvdb.spec
index dbf7a3e..356c68e 100644
--- a/openvdb.spec
+++ b/openvdb.spec
@@ -3,8 +3,8 @@
 %{!?python2_sitearch: %global python2_sitearch %(%{__python} -c "from distutils.sysconfig import get_python_lib; print get_python_lib(1)")}
 
 Name:           openvdb
-Version:        4.0.1
-Release:        7%{?dist}
+Version:        4.0.2
+Release:        1%{?dist}
 Summary:        C++ library for sparse volumetric data discretized on three-dimensional grids
 License:        MPLv2.0
 URL:            http://www.openvdb.org/
@@ -86,7 +86,8 @@ iconv -f iso8859-1 -t utf-8 %{name}/CHANGES > %{name}/CHANGES.conv && \
     mv -f %{name}/CHANGES.conv %{name}/CHANGES
 
 # Hardcoded paths for installation, as described in the INSTALL file
-sed -i -e 's@lib@%{_lib}@g' %{name}/CMakeLists.txt
+sed -i -e 's|lib$|%{_lib}|g' -e 's|lib/python|%{_lib}/python|g' \
+    %{name}/CMakeLists.txt %{name}/python/CMakeLists.txt
 
 # Save Makefile that contains doc building instructions, new cmake build system
 # does not build docs yet
@@ -158,6 +159,9 @@ find %{buildroot} -name '*.a' -delete
 %doc %{name}/doc/html
 
 %changelog
+* Mon Sep 11 2017 Simone Caronni <negativo17@gmail.com> - 4.0.2-1
+- Update to 4.0.2.
+
 * Thu Aug 03 2017 Fedora Release Engineering <releng@fedoraproject.org> - 4.0.1-7
 - Rebuilt for https://fedoraproject.org/wiki/Fedora_27_Binutils_Mass_Rebuild
 
diff --git a/sources b/sources
index 70c7b03..d9465e7 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (openvdb-4.0.1.tar.gz) = 37586691027cba347164ad3bcdb775267f79fa505ec4b303ca6210c0ec5fe1766b6bf01180d562db91f0b8c32df4ef36a8a518ad9cc2e7e305940fa5217838f9
+SHA512 (openvdb-4.0.2.tar.gz) = 8e3e12583b81f9b9303b309e839c8321c67b67ff8a0e61bb56c87276bf25c0deff22f5a73c7c5b661b8e5df345bfdabfa6b0aea9bf16fce57d9c53a76751c75d