Here, had finished in Past Perfect Tense is correct as it is
used to indicate a completed action of the past that happened before another event
took place. Here, Jack completed one action and then decided not to ....'
'Finishing' in present continuous is incorrect because
it implies an action going on at the time of speaking.
'Was finishing' in past continuous is incorrect because
it is used to indicate uncompleted action in the past (with or without time
reference).
'Has finished' in present perfect is incorrect because it
is used to indicate an action which started in the past and has continued up
untill now.