Colorbox library not recognising

Hi,

I have installed colorbox module 6.x-1.4 version. But after that when I go to settings page (http://mysite.com/admin/settings/colorbox), it not recognising the colorbox library. I have already copied the colorbox library in to /sites/all/libraries folder.

I downloaded the colorbox library from here http://www.jacklmoore.com/colorbox/

I think the colorbox version is making issue? Anyone can help me here and provide me the right version of colorbox plugin that will work with drupal colorbox module 6.x-1.4 version.