VENCOR INC
SC 13G/A, 1996-02-13
HOSPITALS
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<PAGE>   1



                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC  20549


                                  SCHEDULE 13G

                   Under the Securities Exchange Act of 1934

                               (AMENDMENT NO. 7)


                                  VENCOR, INC.
                                (Name of Issuer)

                                  Common Stock
                          Title of Class of Securities

                                   922602107
                                  (CUSIP No.)

Check the following box if a fee is being paid with this statement   _____.
(A fee is not required only if the filing person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class
of securities described in Item 1, and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)

*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 ("Act") 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).



                               Page 1 of 4 pages
<PAGE>   2

<TABLE>
<S>                                    <C>                                         <C>
CUSIP No. 922602107                    SCHEDULE 13G                                Page 2 of 4 pages

                                                                                                      
- ------------------------------------------------------------------------------------------------------
1.   NAMES OF REPORTING PERSON                W. Bruce Lunsford
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
     ###-##-####
                                                                                                      
- ------------------------------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) Not applicable
                 (a) _____

                 (b) _____

- ------------------------------------------------------------------------------------------------------
3.   SEC USE ONLY
                                                                                                      
- ------------------------------------------------------------------------------------------------------
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
     United States of America

- ------------------------------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY                               (5) SOLE VOTING POWER
OWNED BY EACH REPORTING PERSON                                  2,305,382*
WITH
                                                            (6) SHARED VOTING POWER
*Includes 179,159 shares which may be                              -0-
acquired pursuant to options exercisable
at 12/31/95 or within 60 days thereafter.                   (7) SOLE DISPOSITIVE POWER
                                                                2,233,970*

                                                            (8) SHARED DISPOSITIVE POWER
                                                                71,412

- ------------------------------------------------------------------------------------------------------
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
     PERSON         2,305,382
                                                                                                      
- ------------------------------------------------------------------------------------------------------
10.  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
     SHARES
     Not applicable
(See Instructions) ________

- ------------------------------------------------------------------------------------------------------
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

         3.3%
                                                                                                      
- ------------------------------------------------------------------------------------------------------
12.  TYPE OF REPORTING PERSON (See Instructions)

         IN
</TABLE>
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<TABLE>
<S>                                      <C>                                         <C>
CUSIP No. 922602107                      SCHEDULE 13G                                Page 3 of 4 pages

                                                                                                      
- ------------------------------------------------------------------------------------------------------
ITEM 1(a)
NAME OF ISSUER:   Vencor, Inc.
                                                                                                      
- ------------------------------------------------------------------------------------------------------
ITEM 1(b)
ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
3300 Providian Center, 400 West Market Street, Louisville, KY   40202
                                                                                                      
- ------------------------------------------------------------------------------------------------------
ITEM 2(a)
NAME OF PERSON FILING:
W. Bruce Lunsford
                                                                                                      
- ------------------------------------------------------------------------------------------------------
ITEM 2(b)
ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR, IF NONE, RESIDENCE:
3300 Providian Center, 400 West Market Street, Louisville, KY 40202

- ------------------------------------------------------------------------------------------------------
ITEM 2(c)
CITIZENSHIP:
United States of America
                                                                                                      
- ------------------------------------------------------------------------------------------------------
ITEM 2(d)
TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.25 per share

- ------------------------------------------------------------------------------------------------------
ITEM 2(e)
CUSIP NUMBER:
922602107

- ------------------------------------------------------------------------------------------------------
ITEM 3
IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) or 13d-2(b), CHECK APPROPRIATE BOX:
Not applicable

- ------------------------------------------------------------------------------------------------------
ITEM 4
        If the percent of the class owned, as of December 31 of the year covered
by the statement, or as of the last day of any month described in Rule
13d-1(b)(2), if applicable, exceeds five percent, provide the following
information as of that date and identify those shares which there is a right to
acquire:

        Not applicable.   As of December 31, 1995, Mr. Lunsford owned less than
5% of Vencor, Inc.'s outstanding Common Stock.
</TABLE>
<PAGE>   4

<TABLE>
<S>                                     <C>                                         <C>
CUSIP No. 922602107                     SCHEDULE 13G                                Page 4 of 4 pages
                                                                                                      
- ------------------------------------------------------------------------------------------------------
ITEM 5
OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
         If this statement is being filed to report the fact that as of the date hereof the reporting
person has ceased to be the beneficial owner of more than five percent of the class of securities, 
check the following:               [X]

- ------------------------------------------------------------------------------------------------------
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
CERTIFICATION:
         Not applicable
                                                                                                      
- ------------------------------------------------------------------------------------------------------
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.
</TABLE>

Date:  February 13, 1996


/s/  W. Bruce Lunsford
- -------------------------
W. Bruce Lunsford


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