congrats, most clients would be a lot more demanding than that and would want changes made regardless of what you show them (just to feel like they really have a hand in it). most of the time in this exact situation you'd end up getting burned and he would say "oh i found someone else to do it lol sorry you already did the work too bad" or "oh hey i decided i wanted to change the wording of x, redo it and bring it back to me and maybe then i'll agree"
and dont forget the time spent discussing with him, driving to and fro from each destination (shop, kinkos, home, back, etc) combined w/ time spent at kinkos, working in illustrator, printing out a sample, all that other miscellaneous little stuff involved....I doubt it could be done with less than 1 or 2 hrs of your time, minimum.
