Looks like you're good to go!
Oh, and in response to HopingtoRetire's comment:
He already paid taxes on it, so no more taxes on conversion to Roth AND no more taxes on any future gains --> this is the point of the Roth IRA
In addition, this isn't a Rollover from a company IRA to another IRA, this is a Conversion of a Nondeductible Traditional IRA to a Roth IRA