diff --git a/wp-admin/includes/schema.php b/wp-admin/includes/schema.php
index 95ee375881..8c84054803 100644
--- a/wp-admin/includes/schema.php
+++ b/wp-admin/includes/schema.php
@@ -496,6 +496,9 @@ function populate_options() {
 
 	// 3.5
 	'link_manager_enabled' => 0,
+
+	// 4.3.0
+	'finished_splitting_shared_terms' => 1,
 	);
 
 	// 3.3
diff --git a/wp-admin/includes/upgrade.php b/wp-admin/includes/upgrade.php
index e7d7dd782a..cb4d63da31 100644
--- a/wp-admin/includes/upgrade.php
+++ b/wp-admin/includes/upgrade.php
@@ -1507,6 +1507,7 @@ function upgrade_430() {
 
 	// Shared terms are split in a separate process.
 	if ( $wp_current_db_version < 32814 ) {
+		update_option( 'finished_splitting_shared_terms', 0 );
 		wp_schedule_single_event( time() + ( 1 * MINUTE_IN_SECONDS ), 'wp_split_shared_term_batch' );
 	}
 
diff --git a/wp-includes/version.php b/wp-includes/version.php
index 58bdff2f4e..616e45b7e2 100644
--- a/wp-includes/version.php
+++ b/wp-includes/version.php
@@ -4,7 +4,7 @@
  *
  * @global string $wp_version
  */
-$wp_version = '4.3-RC2-33620';
+$wp_version = '4.3-RC2-33621';
 
 /**
  * Holds the WordPress DB revision, increments when changes are made to the WordPress DB schema.