Fixed commit 8d2feb7184fde6457f949c8340fefa29dfbb5b37 for issue #1264

Redux v.3.2.9.18
WordPress 3.9
Issue: #1264

The color field still did not go back to the previous color or the default color when the transparency was turned off. Caught a few errors with the commit 8d2feb7184fde6457f949c8340fefa29dfbb5b37. Missing the closing double quote, and changed up the javascript code dealing with the transparency checkbox to make it work.

Sorry about so many commits, i'm relatively new to forking and commits.