[al2o3cr]

    He is extremely set in his view and feels that by me
    wanting to purchase my options I'm somehow am personally
    taking advantage of him or his business.

Funny, since by trying to get you to forgo part of the compensation HE AGREED TO he's attempting to take advantage of you.

If he doesn't want those options exercised, he should be prepared to replace them with something of equivalent value.

[pihacker2011]

That's an excellent point and great suggestion as an alternative option. Thanks for sharing it. I'll bring it up during my discussion with him.