Page History

Name your project.

And Browse to a place you'd like your project to be saved...like your external hard drive.

Under the Scratch Disk tab, if you have every dropdown as "Same as Project"

you should be fine.

Once you've created your project

choose File > Import...

or

Command + I

Highlight the clips you want

click Import

Select the clips that you would like turned into proxies.

(usually all of them)

Once the clips are imported into Premiere we need to make sure no LUTS are applied

Select all the clips and Right click

>Choose Modify>Interpret Footage

Make sure Color Management is set to 709 and LUT is set to None

click OK

If Color Management is greyed out then you are okay to proceed there is no LUT being applied

Choose the Browse button to choose a place that you would like to store your proxies. (Recommended)

Choose Quicktime as the Format and ProRes Low Resolution (Proxy) as the preset.

Back in Premiere

Choose Premiere Pro CC > Preferences > Media...

You should notice a significant performance increase in the computer processing by using Proxies.

Edit the project with the proxy files.

When you're done editing and want to Reconnect to the 4K media, uncheck the "Enable proxies" under the "Premiere Pro CC > Preferences > Media..." menu check box

Click OK

To check that the files are being referenced properly to the 4K media you can "right click" on the file in the Project Window and choose "Reveal in Finder"

Will now show you that the files are linked to the XDROOT folder using the 4K native data that you backed up off the Sony F5 SXS card

Now you can color correct and export at 4K resolution

Next setup Editor so you can toggle proxies

On the left side monitor or record side click the Button Editor icon or "+"

Then look for the Toggle Proxies icon shown here and drag it to the 

record side 

Now you can press the icon to toggle proxies on and off.

Blue = Proxies