Yeah dude, that was the "get in" test, not the graduation test.
You're way ahead of the game though man. When I showed up in Missouri for Basic, on our first PT test (which was after a week of training), I ran the 2 miles in 16:40, did 50 situps, and a whopping 17 pushups.
Oh, and when you're running for time on a track, the best trick is to just keep chasing down the next person in front of you. Shorten the distance of your run mentally to just the distance to where he is ahead of you. Once you catch him, reel in the next guy. Next thing you know, you're done and you're a minute ahead of where you'd be just looking around and the unchanging scenery.