Embedded Captions (Premiere Pro 14.9 and earlier)
I am trying to put captions in a project and for some reason I don't have the option as to embed the captions in the output file...

I am on a new install (Yesterday) of Creative Cloud. Premiere Pro 12.0.1
What I am looking for is in this option (taken from a screenshot of a tutorial)

Any help would be greatly appreciated.
