diff --git a/pex/version.py b/pex/version.py
index 46818e3b4..a44de6450 100644
--- a/pex/version.py
+++ b/pex/version.py
@@ -1,7 +1,7 @@
 # Copyright 2015 Pants project contributors (see CONTRIBUTORS.md).
 # Licensed under the Apache License, Version 2.0 (see LICENSE).
 
-__version__ = '1.0.2.dev0'
+__version__ = '1.0.2'
 
 SETUPTOOLS_REQUIREMENT = 'setuptools>=2.2,<16'
 WHEEL_REQUIREMENT = 'wheel>=0.24.0,<0.25.0'
diff --git a/scripts/coverage.sh b/scripts/coverage.sh
index 680676cb0..095b7a525 100755
--- a/scripts/coverage.sh
+++ b/scripts/coverage.sh
@@ -4,4 +4,4 @@ coverage run -p -m py.test tests
 coverage run -p -m pex.bin.pex -v --help >&/dev/null
 coverage run -p -m pex.bin.pex -v -- scripts/do_nothing.py
 coverage run -p -m pex.bin.pex -v requests -- scripts/do_nothing.py
-coverage run -p -m pex.bin.pex -v . setuptools -- scripts/do_nothing.py
+coverage run -p -m pex.bin.pex -v . 'setuptools>=2.2,<16' -- scripts/do_nothing.py
diff --git a/tox.ini b/tox.ini
index 1c5064e9c..e370f8191 100644
--- a/tox.ini
+++ b/tox.ini
@@ -22,7 +22,7 @@ deps =
     requests: responses
     cachecontrol: CacheControl
     cachecontrol: lockfile
-    coverage: coverage
+    coverage: coverage==3.7.1
 
 [integration]
 commands =
@@ -55,7 +55,7 @@ commands =
 [testenv:coverage]
 basepython = python2.7
 deps =
-    coverage
+    coverage==3.7.1
     tox
 commands =
     # meta