Yes, it means out of memory (searching on this Forum would give you that answer too
)
480 C atoms can fit into 2 Gb, but it depends a bit on the parameters. For instance, if you have a DoubleZetaPolarized basis set, it naturally requires more memory than SingleZeta. Also, a bit hidden, is the number of k-points.
However, in your case there seems to be a simpler way to reduce the memory used per machine. You have 6 PCs yet you run 12 MPI processes. That means each PC will receive 2 MPI jobs, and thus only 1 Gb is available for each process. If you instead run "mpiexec -n 6" each MPI process will have 2 Gb.