• 2,5 GB for the OS might not be enough.

    Also consider that you're controlling just single page allocations with Max Server Memory. All other allocations are not included in that figure.

    See here for details: http://blogs.msdn.com/b/sqlosteam/archive/2012/07/12/memory-manager-configuration-changes-in-sql-server-2012.aspx

    -- Gianluca Sartori