Sata III - II confusion

I'm about to set up my new computer, and i had a doubt, which is keeping me from actually building it. I have this motherboard

http://www.newegg.com/Product/Product.aspx?Item=N82E168...

and I have a WD Caviar blue 500GB around (WHICH IS SATA II)

Am I going to be able to install this in the SATA III slots that the motherboard has? I have a DVD that is SATA as well and I dont know if it will cause any damage/incompatibility between the components, if its actually compatible, do i need a different cable?
Any kind of modification in the jumpers? I tried reading the motherboard's manual but i couldnt find anything that would clarify my doubt.

I highly appreciate your answers.

Thanks!