If he had three TOs, it might happen that way. But even with three, I don't like the TO on 3rd and three.
But with two, here is where you would be:
(:55) C.Prosise left end to SEA 10 for -1 yards (B.Martinez, Q.Rollins). Timeout #2 by GB at 00:48.
(:48) C.Prosise up the middle to SEA 18 for 8 yards (C.Matthews, D.House).
Timeout #3 by GB at 00:43
At 43 seconds after your last timeout, with 5-8 seconds for the play, the 40 second play clock for fourth down starts with 35 to 38 seconds to go. You literally cannot get the ball back. Even if a miracle happens and 4th down starts on 43 seconds left. All Jon Ryan has to do is call for the punt at 3 seconds and run backward to the 1.
The only hope is Seattle committing a penalty.
The downside is that now you defense is in the middle of the field trying to prevent long bombs, which always leads to shorter passes being open.