I have used hd graphics 3000(which is worse) with premier cs4 and it was enough. Hd 4000 is quite a bit better, and you should be able to run it fine. What CPU do you have? Having a better CPU in premier is more important than GPU as DiaSin said. However you should still be able to run it, I ran the cs4 version on a mobile i5, so you should be fine, just make sure the rest of your system is up to the task.
Hope this helps!