diff --git a/README.md b/README.md
index 1e361029..f549fae3 100644
--- a/README.md
+++ b/README.md
@@ -50,6 +50,7 @@ We've removed the compatibility shim for the magical `content` attribute. If you
 * Added Chinese translation.
 * Added French translation.
 * Added Spanish translation.
+* Bug fix: Color field should also support `meta` argument.
 
 ### 0.3 (April 27, 2015) ###
 * **Breaking change**: We've removed the compatibility shim for the magical `content` attribute. If you were using this to support editing inner content, you'll need to change your UI registration to use `inner_content`.
diff --git a/inc/class-shortcode-ui.php b/inc/class-shortcode-ui.php
index 60e2d60e..5bd33cca 100644
--- a/inc/class-shortcode-ui.php
+++ b/inc/class-shortcode-ui.php
@@ -39,7 +39,6 @@ public function register_shortcode_ui( $shortcode_tag, $args = array() ) {
 			$args['inner_content'] = array(
 				'label'       => esc_html__( 'Inner Content', 'shortcode-ui' ),
 				'description' => '',
-				'placeholder' => '',
 			);
 		}
 
diff --git a/inc/fields/class-field-color.php b/inc/fields/class-field-color.php
index 6e25f95d..c924c285 100644
--- a/inc/fields/class-field-color.php
+++ b/inc/fields/class-field-color.php
@@ -87,7 +87,7 @@ public function load_template() {
 		<script type="text/html" id="tmpl-fusion-shortcake-field-color">
 			<div class="field-block">
 				<label for="{{ data.attr }}">{{ data.label }}</label>
-				<input type="text" name="{{ data.attr }}" id="{{ data.attr }}" value="{{ data.value }}" placeholder="{{ data.placeholder }}" data-default-color="{{ data.value }}"/>
+				<input type="text" name="{{ data.attr }}" id="{{ data.attr }}" value="{{ data.value }}" data-default-color="{{ data.value }}" {{{ data.meta }}}/>
 				<# if ( typeof data.description == 'string' ) { #>
 					<p class="description">{{ data.description }}</p>
 				<# } #>
diff --git a/js/build/field-attachment.js b/js/build/field-attachment.js
index 6ff5814d..a23bda14 100644
--- a/js/build/field-attachment.js
+++ b/js/build/field-attachment.js
@@ -368,13 +368,6 @@ var editAttributeField = Backbone.View.extend( {
 			id: 'shortcode-ui-' + this.model.get( 'attr' ) + '-' + this.model.cid,
 		}, this.model.toJSON() );
 
-		// Handle legacy custom meta.
-		// Can be removed in 0.4.
-		if ( data.placeholder ) {
-			data.meta.placeholder = data.placeholder;
-			delete data.placeholder;
-		}
-
 		// Convert meta JSON to attribute string.
 		var _meta = [];
 		for ( var key in data.meta ) {
diff --git a/js/build/field-color.js b/js/build/field-color.js
index 508021ed..5de8923d 100644
--- a/js/build/field-color.js
+++ b/js/build/field-color.js
@@ -235,13 +235,6 @@ var editAttributeField = Backbone.View.extend( {
 			id: 'shortcode-ui-' + this.model.get( 'attr' ) + '-' + this.model.cid,
 		}, this.model.toJSON() );
 
-		// Handle legacy custom meta.
-		// Can be removed in 0.4.
-		if ( data.placeholder ) {
-			data.meta.placeholder = data.placeholder;
-			delete data.placeholder;
-		}
-
 		// Convert meta JSON to attribute string.
 		var _meta = [];
 		for ( var key in data.meta ) {
diff --git a/js/build/shortcode-ui.js b/js/build/shortcode-ui.js
index a50eabf5..cd9d2739 100644
--- a/js/build/shortcode-ui.js
+++ b/js/build/shortcode-ui.js
@@ -612,13 +612,6 @@ var editAttributeField = Backbone.View.extend( {
 			id: 'shortcode-ui-' + this.model.get( 'attr' ) + '-' + this.model.cid,
 		}, this.model.toJSON() );
 
-		// Handle legacy custom meta.
-		// Can be removed in 0.4.
-		if ( data.placeholder ) {
-			data.meta.placeholder = data.placeholder;
-			delete data.placeholder;
-		}
-
 		// Convert meta JSON to attribute string.
 		var _meta = [];
 		for ( var key in data.meta ) {
diff --git a/js/src/views/edit-attribute-field.js b/js/src/views/edit-attribute-field.js
index 736925f5..5a18f792 100644
--- a/js/src/views/edit-attribute-field.js
+++ b/js/src/views/edit-attribute-field.js
@@ -24,13 +24,6 @@ var editAttributeField = Backbone.View.extend( {
 			id: 'shortcode-ui-' + this.model.get( 'attr' ) + '-' + this.model.cid,
 		}, this.model.toJSON() );
 
-		// Handle legacy custom meta.
-		// Can be removed in 0.4.
-		if ( data.placeholder ) {
-			data.meta.placeholder = data.placeholder;
-			delete data.placeholder;
-		}
-
 		// Convert meta JSON to attribute string.
 		var _meta = [];
 		for ( var key in data.meta ) {
diff --git a/readme.txt b/readme.txt
index 1c443310..2e459bc7 100644
--- a/readme.txt
+++ b/readme.txt
@@ -42,6 +42,7 @@ We've removed the compatibility shim for the magical `content` attribute. If you
 * Added Chinese translation.
 * Added French translation.
 * Added Spanish translation.
+* Bug fix: Color field should also support `meta` argument.
 
 = 0.3 (April 27, 2015) =
 * **Breaking change**: We've removed the compatibility shim for the magical `content` attribute. If you were using this to support editing inner content, you'll need to change your UI registration to use `inner_content`.