A finite-ground coplanar waveguide (FGCPW)-fed compact ultra-wideband flag-shaped monopole antenna is presented. The antenna consists of a FGCPW-fed monopole asymmetrically loaded with a rectangle strip. The antenna has a compact size of 21.85 × 28 × 1.6 mm3. Parametric analysis is conducted to understand the effect of various parameters on the antenna performance. Simple design equations are presented to provide reliable initial design of the antenna if a different substrate is to be used. Constant gain and monopole-like radiation patterns are observed along the entire operating range from 3.1 to 12 GHz. Investigation of the time domain characteristics reveals that the proposed antenna exhibits excellent pulse handling capabilities.