Since this showed up in my search, I figured I would post how to do this from the command line. Note that for my disk, the "Security Options" button does not appear on that screen (it is an old 160 GB drive)...
Step 1: Identify the device using diskutil list. In my case, this was a 160 GB drive that previously held Linux. I underlined my disk below.
$ diskutil list
/dev/disk0 (internal, physical):
#: TYPE NAME SIZE IDENTIFIER
0: GUID_partition_scheme *500.3 GB disk0
1: EFI EFI 209.7 MB disk0s1
2: Apple_CoreStorage Macintosh HD 499.4 GB disk0s2
3: Apple_Boot Recovery HD 650.0 MB disk0s3
/dev/disk1 (internal, virtual):
#: TYPE NAME SIZE IDENTIFIER
0: Apple_HFS Macintosh HD +499.1 GB disk1
Logical Volume on disk0s2
8FC580CC-1577-4B34-8EC3-9741EE1321C8
Unlocked Encrypted
/dev/disk2 (internal, physical):
#: TYPE NAME SIZE IDENTIFIER
0: FDisk_partition_scheme *128.7 GB disk2
1: Apple_HFS SD Card 128.7 GB disk2s1
/dev/disk3 (external, physical):
#: TYPE NAME SIZE IDENTIFIER
0: GUID_partition_scheme *1.0 TB disk3
1: EFI EFI 209.7 MB disk3s1
2: Apple_CoreStorage Time Machine Disk 999.9 GB disk3s2
3: Apple_Boot Boot OS X 134.2 MB disk3s3
/dev/disk4 (external, virtual):
#: TYPE NAME SIZE IDENTIFIER
0: Apple_HFS Time Machine Disk +999.5 GB disk4
Logical Volume on disk3s2
21DD3F59-ECE6-43BC-BE77-F2B003A241F2
Unlocked Encrypted
/dev/disk5 (external, physical):
#: TYPE NAME SIZE IDENTIFIER
0: FDisk_partition_scheme *160.0 GB disk5
1: Linux 524.3 MB disk5s1
2: Linux_LVM 159.5 GB disk5s2
Step 2: Use the diskutil secureErase command to erase the disk.
$ diskutil secureErase 1 /dev/disk5
started erase on disk5
[ \ 0%................................................. ] 3% 3:29:40