UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 0)* GREENBRIAR CORPORATION -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, Par Value $0.01 -------------------------------------------------------------------------------- (Title of Class of Securities) 393648 40 7 -------------------------------------------------------------------------------- (CUSIP Number) September 22, 2004 -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Settlement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [_] Rule 13d-1(b) [_] Rule 13d-1(c) [_] Rule 13d-1(d) ---------- * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13G CUSIP No.393648 40 7 Page 2 of 4 Pages ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Victor L. Lund I.R.S. Identification No. Not Supplied ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ----------------------------------------------------------------------------- (b) ----------------------------------------------------------------------------- ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 108,994 _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY -0- _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 108,994 _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH -0- ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 108,994 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11.2% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON (See Instructions) IN ________________________________________________________________________________ SCHEDULE 13G CUSIP No.393648 40 7 Page 3 of 4 Pages Item 1(a). Name of Issuer: Greenbriar Corporation ____________________________________________________________________ Item 1(b). Address of Issuer's Principal Executive Offices: 1755 Wittington Place, Suite 340 Dallas, TX 75234 ____________________________________________________________________ Item 2(a). Name of Person Filing: Victor L. Lund ____________________________________________________________________ Item 2(b). Address of Principal Business Office, or if None, Residence: 1755 Wittington Place, Suite 340 Dallas, TX 75234 ____________________________________________________________________ Item 2(c). Citizenship: USA ____________________________________________________________________ Item 2(d). Title of Class of Securities: Greenbriar Corporation Common Stock ____________________________________________________________________ Item 2(e). CUSIP Number: 393648 40 7 ____________________________________________________________________ Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: Not applicable Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 108,994 shares (b) Percent of class: 11.2% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 108,994 shares. -------------- (ii) Shared power to vote or to direct the vote 0. --- (iii) Sole power to dispose or to direct the disposition of 108, 994 shares. ---------------- (iv) Shared power to dispose or to direct the disposition of 0. --- Item 5. Ownership of Five Percent or Less of a Class. Not applicable SCHEDULE 13G CUSIP No.393648 40 7 Page 4 of 4 Pages Item 6. Ownership of More Than Five Percent on Behalf of Another Person. Not applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company Not applicable Item 8. Identification and Classification of Members of the Group. Not applicable Item 9. Notice of Dissolution of Group. Not applicable Item 10. Certifications. (a) Not applicable. (b) "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect." SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. September 22, 2004 ------------------ Date By: /s/ Victor L. Lund ---------------------------------------- Victor L. Lund